Today, BitMEX has launched a brand new product: the MEMEMEXTUSDT. This is a Basket Index perpetual swap contract. It is designed to offer merchants publicity to top 10 meme coins<\/a>. Moreover, these cash embrace Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), and different well-liked meme cryptocurrencies.<\/p>\n Furthermore, the contract is margined in USDT and merchants can leverage as much as 25x. For context, basket Index perpetual contracts are derivatives. They are tied to a bunch of underlying property. Moreover, this new product lets merchants speculate on the general efficiency of meme cash. It additionally helps them diversify their threat. It is much like the S&P 500 in conventional finance.<\/p>\n <\/p>\n The MEMEMEX Basket Index, additionally known as .BMEMEMEXT, is a key a part of this new product. It consists of the highest 10 meme cash by market cap. As of now, these cash and the share within the index are:<\/p>\n Furthermore, the market caps of those tokens can be reviewed month-to-month. Therafter, the index can be adjusted to all the time embrace the highest 10 meme cash. The MEMEMEX Basket Index by BitMEX makes use of a weighted common worth of those cash. The index multipliers are up to date on the final Friday of every month. Any adjustments are introduced 4 days earlier than the rebalance.<\/p>\n <\/p>\nBitMEX Meme Coin Perpetual Contract Index<\/h2>\n
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