Cardano blockchain, an open source decentralised public blockchain and cryptocurrency project backed by Cardano Foundation, IOHK, and Emurgo, has listed its ADA token on BitMEX cryptocurrency trading platform.

Cardano is currently the fifth most valuable cryptocurrency by market capitalization, at the time of writing. The listing on BitMEX will boost its presence in Asia, following a series of listings on exchanges in October and November 2017, including Bittrex, Binance, and CoiNest.

“This new listing is indicative of Cardano becoming a truly global blockchain platform. We are excited to see Cardano list with BitMEX. Adoption of ADA by new trading platforms is reflective of the bright future that Cardano has as a leading blockchain platform,” Michael Parsons, Chairman, Cardano Foundation, said.

According to the official release, 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 with up to 20 times leverage. Traders do not need to have ADA to trade the contract as it only requires Bitcoin as margin.

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

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.