Ethereum (ETH) investors received some positive news from BitMEX, the leading crypto derivatives exchange, as they increased the leverage for Ethereum perpetual swaps to 200x ahead of the approval of spot Ethereum ETFs by the SEC.
BitMEX CEO Stephan Lutz stated that the change in sentiment on Wall Street could lead to increased volatility in the Ethereum market, making the timing of the 200x leverage for ETHUSD perpetual swaps ideal. He also noted the remarkable growth of Ether over the past year, with a 100% price increase and growing institutional adoption.
This move by BitMEX follows their previous increase in leverage for the Bitcoin perpetual swap XBTUSD from 100x to 250x before the Bitcoin Halving in April.
It’s important to note that this article does not provide investment advice. If you’re interested in investing in cryptocurrencies, you can register with Binance exchange using this link to receive a 20% commission discount.
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