Cardano, a decentralised platform that aims to allow complex programmable transfers of value in a secure and scalable fashion and is built in Haskell programming language, has announced that ADA futures were launched on BitMEX exchange.
— Cardano Foundation (@CardanoStiftung) 8 January 2018
As it is stated in the announcement, the ADA listing on BitMEX is in the form of a fixed date contract and allows traders to speculate on the changing value of the Cardano/Bitcoin (ADA/XBT) exchange rate with up to 20 times leverage. Traders do not need to have ADA to trade the contract as it only requires Bitcoin as margin.
This new listing is indicative of Cardano becoming a truly global blockchain platform. We are excited to see Cardano list with BitMEX. Adoption of ADA by new trading platforms is reflective of the bright future that Cardano has as a leading blockchain platform.
Chairman, Cardano Foundation
Moreover, to coincide with the launch, BitMEX has launched a $100K giveaway to customers who trade the new contract, which will run from January 8 to January 15.
|Volume Winner||$50K||The trader who trades the largest amount of Cardano (ADAF18) contracts will receive $50K USD.|
|Profit Winner||$25K||The trader who has the largest profit from trading the Cardano (ADAF18) contract will receive $25K USD.|
|Lucky $5K (5 winners)||5 x $5K||Any trader who trades at least one Cardano (ADAF18) contract enters a random draw to win one of the five $5K USD prizes.|
Previously, we have reported that BitMEX has also announced Bitcoin Cash futures trading.
At the moment of press, Cardano takes the 5th position in the list of currencies ranked by market capitalization, and these are main market parameters of the coin:
- Average price: $0,85
- Marketcap: $22 093 830 940
- 24h volume: $232 611 000