BitMEX increases leverage on its Bitcoin perpetual swap contract XBTUSD from 100x to 250x

PANews reported on April 19 that cryptocurrency derivatives exchange BitMEX announced that the leverage ratio of its Bitcoin perpetual swap contract XBTUSD has been increased from 100 times to 250 times to prepare for the upcoming Bitcoin halving event. BitMEX CEO Stephan Lutz said that the increase in leverage is to allow traders to maximize the opportunities brought by the bull market. However, it should be noted that increasing leverage also increases the risk of transaction failure and liquidation. The Bitcoin halving is expected to occur in the next 24 hours, and the mining reward will be reduced from 6.25 Bitcoins per block to 3.125 Bitcoins.