Forwarded from Crypto Seeds™ (Yokesh Anbalagan)
👆$USDT's market cap is out of control.
6.3 billion of a digital token whose ownership has been indicted & charged with fraud specifically due to their involvement with this token.
Its a wonder how a company claiming that they were defrauded out of $880M, begging for funds at the end of 2018 (Bitfinex we're talking about) - managed to still generate enough of a surplus to justify the additional 4+ billion USDT in the 1.5 years since.
How long does this go unaddressed? One can imagine that judgment day is coming near.
6.3 billion of a digital token whose ownership has been indicted & charged with fraud specifically due to their involvement with this token.
Its a wonder how a company claiming that they were defrauded out of $880M, begging for funds at the end of 2018 (Bitfinex we're talking about) - managed to still generate enough of a surplus to justify the additional 4+ billion USDT in the 1.5 years since.
How long does this go unaddressed? One can imagine that judgment day is coming near.
Announcing The ETHUSD Quanto Futures Contract
We are launching an ETHUSD quanto futures contract with up to 50x leverage on 5 May 2020 at 04:00 UTC.
The first contract (ETHUSDM20) will expire in June. This new product will be the only one of its kind available in the market, and represents significant new trading opportunities on BitMEX.
ETHUSD quanto futures have a fixed Bitcoin multiplier regardless of the USD Ethereum price. This allows traders to long or short the ETH/USD exchange rate without ever touching either ETH or USD! Traders post margin in XBT, and earn or lose Bitcoin as the ETH/USD rate changes.
This contract combines the quanto feature of our ETHUSD perpetual swap with the expiry and settlement found in traditional futures. As with every BitMEX altcoin future, it expires quarterly.
Please see our blog for more information: https://blog.bitmex.com/announcing-the-ethusd-quanto-futures-contract/
We are launching an ETHUSD quanto futures contract with up to 50x leverage on 5 May 2020 at 04:00 UTC.
The first contract (ETHUSDM20) will expire in June. This new product will be the only one of its kind available in the market, and represents significant new trading opportunities on BitMEX.
ETHUSD quanto futures have a fixed Bitcoin multiplier regardless of the USD Ethereum price. This allows traders to long or short the ETH/USD exchange rate without ever touching either ETH or USD! Traders post margin in XBT, and earn or lose Bitcoin as the ETH/USD rate changes.
This contract combines the quanto feature of our ETHUSD perpetual swap with the expiry and settlement found in traditional futures. As with every BitMEX altcoin future, it expires quarterly.
Please see our blog for more information: https://blog.bitmex.com/announcing-the-ethusd-quanto-futures-contract/