BitMEX Adds Yearn.Finance (YFI), Polkadot (DOT), and Binance Coin (BNB)

BitMEX Adds Yearn.Finance (YFI), Polkadot (DOT), and Binance Coin (BNB)

News

Leading crypto derivatives platform BitMEX has continued to support new cryptocurrencies after promising to do so earlier this year. The firm recently announced the addition of three new futures contracts for its users.

BitMEX has been a subject of much scrutiny over recent weeks due to the U.S. CFTC announcing it is charging the exchange and its co-founders. The exchange’s parent company, 100x, subsequently went through an executive restructuring to instate new executives.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

BitMEX Adds Three New Trading Pairs

Announced on October 22nd, BitMEX plans on adding quanto future contracts for three crypto assets: Binance Altcoin

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>Altcoin

price. This allows traders to long or short each Coin

‘ href=”https://www.newsbtc.com/dictionary/coin/”>coin

or USDT. Traders post margin in XBT, and earn or lose XBT as the future’s price changes.”

BitMEX intends on adding “several more Coin

' href="https://www.newsbtc.com/dictionary/coin/">Coin (BNB)