XBIT DEX launches 5x leverage for prediction markets on June 11

The platform said highly liquid markets will initially support leveraged trading, while a World Cup campaign offers a 1.1 million USDC prize pool through the July 19 final.

USDC

Summary

XBIT DEX said it launched leverage for prediction markets on June 11, with highly liquid markets initially supporting up to 5x leverage. The move adds a margin-like trading feature that can amplify gains and losses for users taking positions on event outcomes. On the same day, the platform also began its World Cup campaign, featuring a 1.1 million USDC prize pool that runs through the July 19 final and spans 48 teams and 104 matches.

Terms & Concepts
  • prediction markets: Markets for trading on event outcomes
  • 5x leverage: Borrowed exposure equal to five times capital
  • USDC: A dollar-pegged stablecoin