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News Explorer — BitMEX Launches Futures Trading for Arbitrum Token at 20x Leverage

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Mar 20, 7:51 am

Coindesk

BitMEX Launches Futures Trading for Arbitrum Token at 20x Leverage

Derivative markets for the upcoming Arbitrum (ARB) tokens are already open to traders, with IOU tokens trading at $9.74 on Hotbit and futures products on BitMEX offering leverage of up to 20x. Trading data from Hotbit shows trades are being made every two minutes on average. These products are speculative until ARB tokens are officially issued, but may be used to hedge spot holdings or gain exposure to ARB prices.

Derivative markets for the upcoming Arbitrum (ARB) tokens are already open to traders, with IOU tokens trading at $9.74 on Hotbit and futures products on BitMEX offering leverage of up to 20x. Trading data from Hotbit shows trades are being made every two minutes on average. These products are speculative until ARB tokens are officially issued, but may be used to hedge spot holdings or gain exposure to ARB prices.

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