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BitMEX launches new memecoin basket index tracking crypto market's top 10 memecoins

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BitMEX has launched a new memecoin basket index offering traders exposure to the top ten memecoins in the market through a single contract.

Derivatives cryptocurrency exchange BitMEX has launched the MEMEMEXTUSDT Basket Index Perpetual Swap Contract offering traders exposure to the top 10 memecoins in the market through a single contract.

According to BitMEX, the new single-instrument solution reduces the complexity of memecoin trading by providing a comprehensive contract akin to the S&P 500, but for crypto memecoins.

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