# Cardano launches ADA futures on BitMEX  
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-01-10
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: ADA Token Now Tradeable on BitMEX - Win $100K Contest!
Meta Description: Get in on the action with ADA now on BitMEX. Start trading the ADA/XBT contract and unlock the potential for high leveraged gains. Don't miss out!
URL: https://financedigest.com/cardano-launches-ada-futures-on-bitmexhtml

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_ADA tokens now tradeable on BitMEX, a leading cryptocurrency trading platform_

Cardano Foundation, IOHK and Emurgo, the three partners behind leading blockchain Cardano, today announce that ADA, Cardano’s cryptocurrency, is now tradeable on BitMEX, the cryptocurrency leveraged trading platform.

The listing bolsters Cardano’s presence in Asia following the launch of ADA, now a top-five cryptocurrency by market capitalisation, on a series of listings on exchanges in October and November 2017, including Bittrex, Binance and CoiNest.

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](https://www.financedigest.com/currency-exchange-how-to-find-the-best-rates.html "Currency Exchange: How to Find the Best Rates") with up to 20 times leverage. [Traders do not need to have  ADA to trade the contract as it only requires Bitcoin](https://www.financedigest.com/cryptoverse-bitcoin-traders-like-their-options.html "Cryptoverse: Bitcoin traders like their options") as margin.

To coincide with the launch, BitMEX is offering a $100K giveaway to customers who trade the new contract. The contest runs from January 8th to January 15th. For details, see [https://blog.bitmex.com/ADA\_competition/](https://blog.bitmex.com/ADA_competition/).

The [technology underpinning Cardano’s ADA token was designed by leading](https://www.financedigest.com/advertys-multi-patented-and-industry-leading-in-game-viewability-technology-brainimpression-now-available-within-oracle-moat.html "Adverty’s Multi-patented and Industry-leading In-game Viewability Technology BrainImpression™ Now Available Within Oracle Moat") experts, academics and cryptographers over the last two years, drawing on the best features of existing cryptocurrencies including Bitcoin, Ripple and Ethereum.

Crucially, it is the first blockchain to use a provably secure, proof-of-stake algorithm – the only one to have been academically peer reviewed by leading cryptographers through its acceptance to Crypto 2017, the [world’s top](https://www.financedigest.com/top-5-restaurants-in-the-world.html "Top 5 restaurants in the world") cryptography conference.

**Arthur Hayes, CEO, BitMEX said:**“The addition of ADA contracts on the BitMEX platform will further assist the cryptocurrency’s transformation into a truly liquid and tradable asset.”

**Michael Parsons, Chairman, Cardano Foundation, said:**“This new listing is indicative of Cardano becoming a truly global [blockchain platform](https://www.financedigest.com/italian-fashion-group-otb-joins-lvmh-led-blockchain-platform.html "Italian fashion group OTB joins LVMH-led blockchain platform"). We are excited to see Cardano list with BitMEX. Adoption of ADA by new trading [platforms is reflective of the bright future](https://www.financedigest.com/cloud-communication-platform-market-2022-scope-of-current-and-future-industry-2030.html "Cloud Communication Platform Market 2022 | Scope of Current and Future Industry 2030") that Cardano has as a leading blockchain platform.”

**Charles Hoskinson, CEO, IOHK, said:**“As markets evolve, there is an increasing need for liquidity and more [sophisticated trading strategies](https://www.financedigest.com/impact-com-partners-with-norsk-tipping-to-drive-a-sophisticated-partnership-strategy.html "impact.com partners with Norsk Tipping to drive a sophisticated partnership strategy"). I’m glad to [see](https://www.financedigest.com/in-u-turn-iea-sees-world-weathering-lost-russian-oil-supply.html "In U-turn, IEA sees world weathering lost Russian oil supply") BitMEX list ADA and hope this continues to aid our march towards becoming the financial stack for the developing world.”

**Ken Kodama, CEO, Emurgo said:** “Listing on BitMEX as a contract is a great step for ADA to have more liquidity and grow the Cardano ecosystem.”

[Details of the BitMEX-ADA fixed date](https://www.financedigest.com/date-palm-market-detailed-survey-on-key-trends-leading-players-business-opportunities-2026.html "Date Palm Market – Detailed Survey On Key Trends, Leading Players & Business Opportunities 2026") contract are available here.


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