BitMEX, a major crypto derivatives exchange, has announced the listing of Chainlink (LINK) and Tezos (XTZ) on its platform. It has been noticed that this exchange has listed new coins on its platform after a two year gap. This year, both these tokens have seen a huge success as there was a huge growth in both of them. After this listing, the exchange is able to move out of the hibernation phase since 2018.
BitMEX Specifes Altcoins Will Be Traded Against USDT
The firm has specified that the trading of both these tokens will be started from September 11, 2020 at 08:00 UTC. Along with this, BitMEX has also specified that both these altcoins will be traded against USDT and not Bitcoins. The exchange has also explained its decision of listing these altcoins against the stablecoins. It stated that, “USDT pairs account for over 60% of overall altcoin volume.” Through USDT, the exchange is providing a better option to meet all of their needs.
Tezos is Not Something New for the Exchange
This has to be kept in mind that Tezos is not something completely new for BitMEX derivatives exchange. This is because the exchange has also listed Tezos on its platform, back in 2017 and at that time, it was traded against the traditional Bitcoin pair.
Along with this, BitMEX has also announced the launch of Cardano (ADA) and Eos (EOS) Quanto futures trading. These will also be traded against Tether only. In the blog post, where the exchange has announced this listing, a complete table has also been mentioned there. In that table, there is a list of all the futures contracts that are planned to be listed for Q4 2020. The listing and settlement dates of all these futures contracts are also mentioned alongside.