BitMEX introduces quarterly futures contracts for the third quarter of 2024 as part of regulatory scrutiny

According to the BitMEX blog, BitMEX has officially launched quarterly futures contracts for the third quarter of 2024, making them available for trading from June 11, 2024 at 04:00 UTC.

New trading opportunities

The introduction of quarterly futures contracts creates new trading opportunities for BitMEX users. These futures contracts allow investors to speculate on the future price of cryptocurrencies with a quarterly expiration date, providing a structured approach to trading in the volatile digital asset market.

Regulatory Compliance and Restrictions

BitMEX has reaffirmed its commitment to compliance. The Platform prohibits access to trading or positioning by any person or entity located in, registered in, or a national or resident of certain restricted jurisdictions, including the United States. This policy is consistent with BitMEX’s Limited Jurisdiction Policy, which is intended to prevent unauthorized access and ensure compliance with local regulations.

BitMEX stressed that any user found to have misrepresented their location, citizenship or residence will be subject to immediate account closure and liquidation of any open positions. The Platform reserves the right to update its Limited Jurisdiction Policy and implement further controls to restrict access as necessary.

Investor discretion recommended

The BitMEX blog also warned users that the information provided should not be the basis for making investment decisions. The content does not constitute investment advice and should not be interpreted as a recommendation to enter into investment transactions. Users are advised to consult professional advisors regarding legal, financial, accounting or other related services before making any investment decisions.

Impact on the market

The introduction of quarterly futures contracts for the third quarter of 2024 comes at a time when the cryptocurrency market is experiencing significant volatility. With the introduction of new futures contracts, investors have more tools at their disposal to manage risk and potentially capitalize on market movements. This may lead to increased trading volume and greater market liquidity on the BitMEX platform.

As the cryptocurrency landscape evolves, platforms like BitMEX are adapting to meet the needs of their users while navigating complex regulatory environments. The introduction of new trading instruments, such as quarterly futures contracts for the third quarter of 2024, underlines BitMEX’s commitment to providing innovative solutions to its trading community.

Image source: Shutterstock

. . .

Tags