Cryptocurrency exchange BitMEX announced on Thursday that it has expanded its margin trading services by listing the new Luna 2.0 token (LUNA) on its platform. Terra Luna launched the new cryptocurrency on 28 May.
Terra 2.0 holds the maximum leverage of 25x for the users. Users are now able to trade XBT, and USDT margined Terra Luna 2.0 contracts.
LUNAUSD has a fixed Bitcoin multiplier, which lets traders go long or short on the listing without trading LUNA or USD. The LUNAUSDT product is a linear perpetual swap margined in USDT. Margins appear in XBT, and so do the earnings or loss from the trade.
Terra 2.0 is part of the revival plan introduced by Do Kwon, the CEO, and founder of Terra Protocol after the Terra protocol collapsed.
Besides that, BitMEX launched ETH options for margins and settlement for their perpetual and futures contracts, which also apply to the listings above. The service allows users to trade on leverage — margin trading lets users multiply their gains and...
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