A new listing – ATHUSD – featuring Aethir, a cloud computing infrastructure platform – will be available to trade on BitMEX, and with up to 10x leverage from tomorrow. For the lowdown on the latest listing, read on.
If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users- you can register here.
ATHUSD Contract Specs
As with all quanto contracts, the ATHUSD contract has a fixed Bitcoin multiplier, regardless of the ATHUSD price. This allows traders to long or short the ATHUSD exchange rate without ever touching ATH or USD.
Traders can post margin in XBT, and earn or lose in XBT as the ATHUSD rate changes. This quanto risk premium may be one of the factors that results in the ATHUSD swap trading at a premium/discount to the ATHUSD spot price.
Key contract details for our ATH token listing:
- Symbol: ATHUSD
- Margin Currency: XBT
- Bitcoin Multiplier: 0.001 XBT (100,000 Satoshis)
- XBT Contract Value: USD Price * Bitcoin Multiplier (100,000 Sats / 1 USD)
- Underlying: .BATH
- Max Leverage: 10x
- Risk Limit: 50 XBT
- Maker Fee: 0.02%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You will be able to trade the ATHUSD perpetual contract here, or refer to the full contract specs here.
What is ATH (Aethir)?
Aethir is a cloud computing infrastructure platform that revolutionizes the ownership, distribution, and utilization of enterprise-grade graphical processing units (GPUs), specifically tailored for AI and gaming sectors. It addresses the challenge of costly GPU resources in these industries by connecting underutilized commercial GPUs to projects in need, making high-powered graphics processing fast, easy, and affordable for projects.
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