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BitMEX Seeks to Connect Forex Market and Crypto Innovation Through FX Perps

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Crypto exchange BitMEX has launched the first-ever FX perpetual swap contracts (FX perps) that will enable users to trade the most sought-after foreign currency pairs 24/7, irrespective of whether the forex market (FX) is closed or not.

Therefore, this move by BitMEX will prompt crypto’s first-ever perpetual FX swap listing. Daniel Egloff, the Head of Quants at BitMEX, pointed out: “BitMEX FX perps are a transparent exchange-traded contract which allows FX traders to go long and short as a taker or maker for which we offer a 1 basis point fee rebate, which is unique in the industry.

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