BitMEX will launch ETHUSD hedged dual currency delivery futures contract on May 5

BitMEX Exchange announced that it will launch the ETHUSD hedged dual currency (Quanto) delivery futures contract on May 5, with a leverage ratio of 50 times. BitMEX stated that the first delivery futures contract, ETHUSDM20, will expire in June. At present, this new product will be the only one of its kind on the market and represents a new trading opportunity on BitMEX. BitMEX has previously launched a dual-currency perpetual contract for ETHUSD. Such products use Bitcoin as a margin and settlement asset.