BitMEX Abolishes FETUSD Perpetual Swap Contract

BitMEX has officially decommissioned the FETUSD perpetual swap contract as of June 7, 2024. According to the BitMEX blog, this move marks a significant update to the trading options available on the platform.

position closure

All positions in the FETUSD perpetual swap contract are now closed. This ensures a smooth transition for traders holding positions in these contracts. Detailed settlement details can be found on the BitMEX official website.

Delisting Procedure

The delisting process follows the guidelines outlined in BitMEX’s Exchange Guide and is explained in more detail on their blog. Traders can refer to these resources to gain a comprehensive understanding of the delisting process and its impact on trading activities.

Support and inquiries

If there are any questions regarding this announcement, users are encouraged to contact BitMEX Support. This ensures that all trader concerns and inquiries are resolved quickly and effectively.

Situation and industry trends

The delisting comes amid a broader trend in the cryptocurrency market where exchanges are regularly reassessing and updating their products. This is often done to ensure: liquidity, compliance and providing users with the best trading experience. In recent years, other major exchanges have made similar adjustments to reflect the dynamic and evolving market environment.

BitMEX continues to occupy a significant position in the cryptocurrency derivatives market, and these updates are part of our ongoing efforts to optimize our platform and services.

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