Crypto exchange BitMEX launches TRON futures contract

The BitMEX exchange announced the launch of futures trading on TRON (TRX). A new trading tool will help TRX investors earn high returns even in a bear market.

Continuing a busy week, cryptocurrency derivatives provider BitMEX has officially announced the launch of Tron futures contracts on June 26th. However, the next day the launch date was postponed and the official Twitter already reported that the listing of TRX on the BitMEX exchange was postponed to June 27, 08:30 UTC.

Currently, BitMEX offers one futures contract for TRX with an expiration date of September 28.

The popular platform itself is a P2P exchange, all futures and perpetuals contractslisted on BitMEX are denominated in Bitcoin and the platform does not support fiat currencies. BitMEX does not require traders to have 100% collateral as margin. This allows traders to trade with a large leverage of 1:100, which is more similar to trading with brokerage companies. In addition to TRX contracts, the exchange recently added several futures options for various crypto assets. The EOS futures contract was one of the latest additions, with a listing scheduled for June 29th. The platform already offers quarterly futures contracts for the most popular cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Cardano (ADA) and Ripple (XRP) and others. Recently, the project team has made a number of improvements to increase the overall throughput of the platform and the ability to add new popular trading instruments. 

 Tron is one such popular cryptocurrency that is extremely active in acquiring new users and is ranked 11th in terms of capitalization.

The Tron Migration has just come to an end and celebrating its “Independence Day” the team and Tron founder and CEO Justin Song hosted a 12-hour live broadcast that began at 10:00 am on June 25 and was broadcast on Youtube, Facebook, Periscope and Yizhibo.