BitMEX Derivatives Exchange Lists Chainlink (LINK) and Tezos (XTZ) for Futures Trading

  • BitMEX finally opens its borders to new coins after a two-year closure.
  • DeFi oracle platform, Chainlink (LINK), and Tezos (XTZ), the latest to be listed on the derivatives exchange.

After a two year layoff on listing new coins, crypto derivatives exchange BitMEX announced on Friday the listing of Chainlink (LINK) and Tezos (XTZ) tokens. The two tokens have witnessed hundreds of percent in growth in 2020, pulling the burly exchange out of hibernation since 2018.

The tokens will launch trading on Friday, September 11th, 2020 at 08:00:00 UTC.

The statement further confirmed the two altcoins will be traded against Tether’s stablecoin, USDt, instead of the traditional Bitcoin pairing. Explaining its decision to list against the stablecoin, BitMEX stated the prevalence of USDt in the altcoin trading markets will cater to its users’ needs better.

The statement reads,

“USDT pairs account for over 60% of overall altcoin volume […] we are providing users with the trading options to better meet their needs.”

However, this is not the first time the XTZ pair is trading on the derivatives exchange. The Tezos native coin first appeared on BitMEX in 2017 after its launch trading against the BTC pair.

BitMEX exchange also announced the launch of Eos (EOS) and Cardano (ADA) Quanto futures trading against Tether (USDt).

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