(Mahe, Seychelles – January 6, 2025) BitMEX, one of the most secure exchanges, today announced the launch of Equity Perps, a new derivatives product that allows traders to gain exposure to major US stocks and stock indexes using crypto as collateral.
This announcement expands BitMEX’s product suite beyond crypto-native markets, enabling 24/7 trading on traditional equity benchmarks, even when US stock markets are closed.
Equity Perps are cash-settled perpetual swap contracts that track the price of individual U.S. stocks or indexes and have no expiration date. Similar to BitMEX’s existing crypto perpetual contracts, this contract uses a funding rate mechanism to lock the price to the underlying reference index.
Traders can use assets like Bitcoin and Tether as margin collateral to take long or short positions with up to 20x leverage.
“Equity Perps gives traders a more flexible way to access the U.S. stock market using cryptocurrencies,” said BitMEX CEO Stefan Lutz.
“By eliminating traditional market hours and allowing cryptocurrency collateral, we extend our derivatives expertise to broader global markets while maintaining the reliability and performance that BitMEX is known for.”
At launch, Equity Perps will be available on a selection of widely traded U.S. stocks and indices, including Amazon, Apple, Circle, Coinbase, Meta, Nvidia, Robinhood, Tesla, S&P 500, and Nasdaq. BitMEX plans to gradually expand the range of available contracts.
Trading occurs 24/7, with index prices primarily based on real-time stock prices during US market hours, and supported by tokenized spot prices from multiple exchanges during off-hours.
All Equity Perps trades on BitMEX are subject to a maker rebate of 2.5 basis points and a taker fee of 7.5 basis points. Funds will be exchanged every 8 hours, similar to BitMEX’s existing perpetual swap product, regardless of US stock market time. In the event of corporate litigation, such as a stock split, the affected contracts will be settled early and relisted once the litigation is complete.
To celebrate this, BitMEX is offering a prize pool of 70,000 USDT to eligible users who trade Equity Perps, as well as manufacturer rebates on all Equity Perps contracts. Additional educational resources and product guides are available on the BitMEX website and blog.
About BitMEX
BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that meets their needs with low latency, deep crypto native, especially BTC liquidity and unparalleled reliability.
Since its founding, no cryptocurrencies have been lost to intrusions or hacks, and BitMEX users can trade with the peace of mind that their funds are safe and they have access to the products and tools they need to make money.
BitMEX was also one of the first exchanges to publish Proof of Reserves and Proof of Liabilities data on-chain. The exchange will continue to publish this data twice a week to ensure that customer funds are kept safe and segregated.
For more information, users can visit the BitMEX blog or www.bitmex.com and follow us on Discord, Telegram, and Twitter.
