A new listing featuring – AXL – the token of Axelar Network will be available to trade on BitMEX, and with up to 10x leverage from tomorrow. For the lowdown on the latest listing, read on.
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Contract Specs for AXLUSDT
AXLUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Axelar Network token and trade it with leverage, without needing to have any AXL holdings.
Key contract details for our AXL token listing:
- Symbol: AXLUSDT
- Margin Currency: USDT
- Contract Size: 1 AXL
- Lot Size: 10
- Minimum Trade Amount: 10 AXL
- Underlying: .BAXLT
- Max Leverage: 10x
- Maker Fee: -0.015%
- Taker Fee: 0.02%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You will be able to trade the AXLUSDT perpetual contract here, or refer to the full contract specs here.
About AXL – the Axelar Network Token
AXL is the native token of the Axelar network that delivers secure cross-chain communication for Web3. The network provides a decentralised network and tools to help builders of decentralised applications (dApps) with seamless cross-chain communication through Axelar’s protocol suite, tools and APIs.
The protocol also supports the cross-chain transfer of several native tokens via their wrapped ERC-20 versions, including AVAX (Avalanche), ETH (Ethereum), FTM (Fantom), GLMR (Moonbeam), and MATIC (Polygon).
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