BitMEX to Launch Ethereum Quanto Futures Contract

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Leading crypto trading platform BitMEX announced on Monday that it will launch Quanto perpetual swap for BCHUSD on June 16. Banking on the success it has had with previous quanto contract launches this year, ETHUSD (May 05) and XRPUSD (February 05), BitMex will launch BCHUSD quanto contract with up to 25x leverage.

Following the success of our other quanto contracts, we’ll be launching a BCHUSD quanto perpetual swap on 16 June. Please find details on our blog: https://t.co/HspDGRQeQq.
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— BitMEX (@BitMEX) June 1, 2020

In a blog post it shared on its official website, BitMEX said that the three Quanto contracts launched this year will together represent diversification for users and will allow the platform to expand its product range. It further added,

Diversification is an important aspect that trading networks are focusing on, especially since the general trading of crypto has slowed down since the epic fall of Bitcoin through 2018 and the latter half of 2019. Overall, the BCHUSD Quanto project will be the fourth of its kind of BitMEX. The contract will appear on the platform from June 15, 2020 (04:00 UTC). For further details about the contract, visit the official page.