BitMEX announced on Friday, the launch of a new product “ETHUSD Quanto Futures”.
As the name suggests, the product will be a futures contract with a 50X leverage and will launch on May 05, 2020, a week before the scheduled Bitcoin halving.
Borrowing the definition from Investment and Finance, quanto futures in a stock market is,“a cross-currency, cash-settled futures contract which has an underlying denominated in one currency and is settled in another currency at a fixed exchange rate.
At press time, Binance has the most 24-hour trading volume for Bitcoin Futures while BitMEX ranks fourth.
Six months ago, Binance was just entering the market, whereas BitMEX was already a huge player.

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