Bitmex has taken a giant step towards becoming one of the biggest names in the crypto exchange industry by launching Ethereum Quanto Futures. These futures will allow traders to short Ethereum without actually holding it, and I’m sure people who love to trade on futures will invest big and trade in it. In my personal opinion futures are very risky and not for the weak hearted investor so I’ll give it a pass, but what about others do you’ll have plans to invest in this futures contract?.
This new product is the first-ever offered on a crypto derivative product signaling BitMEX ambitions in securing the top spot in this market. The ETH-USD quanto futures carry a ‘fixed Bitcoin multiplier’ instead of the conventional USD-based ETH price allowing traders to long or short ETH/USD. However, traders will not need to touch ETH or USD markets to trade the contracts.
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https://coingape.com/just-in-bitmmex-becomes-the-first-crypto-exchange-to-launch-ethereum-quanto-futures/if true, it is a good news, since this will be interesting feature for big investors, that could pour fresh money into the market, but then this will also strengthen ETH position on the market, as the part of top 2 crypto, not to be just the second one, waiting to see how this is going to be started on BitMex, but will not use it personally