BitMEX Token

BitMEX has <a href="https://blog.bitmex.com/site_announcement/coming-soon-rayusdt-and-aixbtusdt-and-ai16zusdt-perpetual-swap-listings-with-up-to-50x-leverage/" rel="noopener noreferrer nofollow">launched</a> new perpetual swap contracts for the USDT pairs of RAY, AIXBT, and AI16Z.
According to a new update from the crypto derivative trading platform, the contracts will be listed starting from January 15, 2025, at 04:00 UTC, and they offer traders the opportunity to leverage up to 50 times on the tokens.
RAY is the native token of Solana-based DEX, Raydium, while AIXBT is associated with the AI-driven crypto market intelligence platform "aixbt by Virtuals," which offers advanced analytics and premium tools designed for market trend interpretation. AI16Z is also the native token, a Solana-based DEX that leverages AI to invest in tech-focused projects, with governance and profit-sharing opportunities for token holders.
Notably, these tokens have experienced positive market momentum in the last 24 hours. According to <a href="https://coinmarketcap.com/currencies/raydium/" rel="noopener noreferrer nofollow">data from CoinMarketCap,</a> RAY is currently trading at $5.40, an 8.89% increase in the past 24 hours; AI16Z, now <a href="https://coinmarketcap.com/currencies/ai16z/" rel="noopener noreferrer nofollow">trading at $1.51</a>, saw an 18.97% increase and AIXBT, now <a href="https://coinmarketcap.com/currencies/aixbt/" rel="noopener noreferrer nofollow">trading at $0.7486</a>, saw a 19.99% within the same period.
BitMEX stated that adding these contracts aligns with its strategy to diversify offerings and meet the needs of a range of traders—from speculative players to those seeking to hedge their positions. The exchange also reminded users of the importance of employing strong risk management strategies when utilizing high leverage in the volatile crypto market.
Notably, in July 2024, BitMEX was involved in a scuffle with the U.S. Department of Justice (DOJ) over allegations that the exchange violated the Bank Secrecy Act (BSA) by providing crypto trading services without an adequate Anti-Money Laundering (AML) program. US Attorney Damian Williams claimed that the exchange had acknowledged its failure to implement robust AML measures. However, BitMEX <a href="https://defi-planet.com/2024/07/bitmex-dismisses-the-us-dojs-recent-accusation-calls-it-old-news-cites-past-settlements-by-founders/" rel="noopener noreferrer nofollow">dismissed </a>the accusations as “old news,” clarifying that its founders, Arthur Hayes and Benjamin Delo, had already pleaded guilty to the violation and settled their fines in 2022.
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BitMEX Launches New Perpetual Swap Contracts with 50x Leverage for RAY, AIXBT, and AI16Z

DeFi Planet

Other articles published on Jan 16, 2025

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