As of 26 September at 12:00 UTC, users can trade Moonbeam with up to 5x leverage on BitMEX via a new listing – GLMRUSDT.
What is Moonbeam?
Moonbeam’s Glimmer Token (GLMR) is the utility token of the Moonbeam network on Polkadot. Moonbeam is a smart contract platform that enables developers to build applications that operate across multiple blockchains. It is Ethereum-compatible so developers can deploy existing Solidity smart contracts and applications to Moonbeam with minimal effort.
Further details of the Moonbeam project can be found here.
The arrival of the GLMR listing on BitMEX means users can enjoy up to 5x leverage and one of the highest max position sizes in the industry.
For the lowdown on this new GLMR listing, read on.
If you haven’t signed up for a BitMEX account yet, we’re currently offering up to 10,000 BMEX Tokens for verified users- you can register here.
GLMRUSDT Contract Specs
GLMRUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the GLMR token and trade it with leverage, without needing to have GLMR holdings.
Key contract details for our GLMRUSDT token listing:
- Symbol: GLMRUSDT
- Margin Currency: USDT
- Contract Size: 1 GLMR
- Lot Size: 10
- Minimum Trade Amount: 10 GLMR
- Underlying: .BGLMRT
- Max Leverage: 5x
- Risk limit: 1,000,000 USDT
- Maker Fee: -0.02%
- Taker Fee: 0.075%
- Base Initial Margin: 20.00%
- Base Maintenance Margin: 10.00%
You can now trade the GLMRUSDT perpetual contract here, or refer to the full contract specs here.
Additionally, with the reintroduction of our Legacy Maker Rebates for Tether – margined contracts, users can now receive a rebate of 0.02% when trading GLMRUSDT.
To be the first to know about our new listings, product launches, giveaways and more, we invite you to join one of our online communities and connect with other traders. For the absolute latest, you can also follow us on Twitter, or read our blog and site announcements for the absolute latest.
In the meantime, if you have any questions please contact Support who are available 24/7.
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