BitMEX launches perpetual CHILLGUYUSDT swap with 50x leverage

BitMEX, a leading cryptocurrency derivatives exchange, announced the launch of a new permanent swap listing for CHILLGUYUSDT, a memecoin inspired by TikTok. As of November 22, 2024, traders can now enter long or short positions on CHILLGUY with leverage options extending up to 50x, according to BitMEX.

CHILLGUYUSDT: New trading opportunity

The CHILLGUYUSDT perpetual swap was launched at 04:00 UTC, providing traders an opportunity to speculate on the price movements of the CHILLGUY token. This list is part of BitMEX's ongoing efforts to expand its offerings and meet the growing demand for innovative trading tools in the cryptocurrency market.

Leverage and trading specifications

With the introduction of CHILLGUYUSDT, BitMEX users can benefit from leverage of up to 50x, allowing for potentially higher returns on their investments, albeit with increased risk. Traders interested in exploring contract details can find detailed information directly on the BitMEX platform.

Market context and its implications

This launch reflects the broader trend of cryptocurrency exchanges diversifying their product offerings to include a variety of digital assets, including meme-inspired tokens. The inclusion of CHILLGUYUSDT in the BitMEX lineup highlights the platform's commitment to providing its users with access to a wide range of trading opportunities.

As the cryptocurrency market continues to develop, exchanges like BitMEX will likely expand their offerings, enabling traders to explore new ways to profit and hedge. The introduction of CHILLGUYUSDT is a testament to this ongoing development, offering traders new assets to add to their portfolios.

Image source: Shutterstock