Before Binance, BitMEX Was Listing PEPE And SUI, Offering High Leverage

The BitMEX crypto exchange first trades PEP with leverage 50x. (Photo; Doc. Blotianao)

JAKARTTA In the midst of the booming PEPE meme coin, one of the largest crypto exchanges in the world, Binance announced the mining of PEPE and FLOKI meme tokens on its platform. This attracted traders' interest in trading the meme coin.

Meanwhile, BitMEX, a leading cryptocurrency derivative trading platform, has already done so. In its official press release, BitMEX says that it has added two new perpetual contracts, PEPE and SUI. BitMEX is proud to be the first derivative exchange to add a PERpetual SUI contract and second to include the Perpetual PEPE contract.

The rapid development of PEPE in recent times has raised concerns about liquidity for its holders. Its market capitalization soared to reach 137 million US dollars (equivalent to IDR 2 trillion) in less than a week.

However, due to the rapid rise, selling large positions could significantly have a negative impact on token prices. By offering PEPE's Perpetual contract, BitMEX allows traders to gain exposure to tokens without fear of non-liquid markets.

"PEPE needs Perp! Perpetual contracts are the most-traded products on crypto and offer all investors holding buying or selling positions on tokens with better liquidity and less network risk," according to BitMEX.

On BitMEX, we offer marginalized Perpetual contracts with Tether and Bitcoin. We are proud to be the inventors of the Perpetual Swap and have long been a leading trading place for crypto derivatives, offering undeniably secure security, reliable platforms, and deep liquidity - just like for professional traders, "added BitMEX.

BitMEX traders can already buy or sell PEPE through two PEPE/USD and PEPE/USDT listings. Both listings have been released on May 3, 2023 with leverage of up to 50x. Similar to the SUI token, which is available as Bitcoin-margined Perp SUIUSD and Tether-margined SUIUSDT Perp.

In addition to the addition of PEPE listings, BitMEX also announced the addition of its Perpetual SUI contract, expanding the reach of available trade options for users. By trading PEPE and SUI listings on BitMEX, users can enjoy leverage of up to 50x and one of the highest maximum position measures in the industry, providing a dynamic and versatile trading experience for novice and experienced traders.

BitMEX is a crypto trading platform that offers users access to the global digital asset financial market. BitMEX is owned by HDR Global Trading Limited. Adding PEPE and SUI Perpetuals Contracts listings on BitMEX adds to the variation of trading options for traders, allowing them to gain profits with better trading and liquidity options.