Now Live: Bitcoin- and Tether – Margined SHIB Listings

September 01, 2023

BitMEX users can now long or short SHIB via two new listings – SHIBUSD and SHIBUSDT. Through the arrival of the SHIB listings on BitMEX, users can enjoy up to 33x leverage and one of the highest max position sizes in the industry. SHIBUSD Quanto Contract SpecsAs with all quanto contracts, the SHIBUSD product has a fixed Bitcoin multiplier, regardless of the SHIB/USD price. Traders can post margin in XBT, and earn or lose in XBT as the SHIB/USD rate changes. This allows users to gain exposure to the price of the SHIB token and trade it with leverage, without needing to have SHIB holdings.

The source of this news is from BitMEX