Later this week, a second LINK listing – LINKUSDT – will be available to trade on BitMEX, and with up to 33x leverage.
Currently on BitMEX, users are already able to; trade the LINKUSD Perpetual Swap with 50x leverage, as well as deposit, withdraw, buy, and convert LINK.
For the lowdown on the latest LINK 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.
LINKUSDT Contract Specs
LINKUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the LINK token and trade it with leverage, without needing to have LINK holdings.
Key contract details for our LINKUSDT token listing:
- Symbol: LINKUSDT
- Margin Currency: USDT
- Contract Size: 0.001 LINK
- Lot Size: 1,000
- Minimum Trade Amount: 1 LINK
- Underlying: .BLINKT
- Max Leverage: 33x
- Risk limit: 1,000,000 USDT
- Maker Fee: -0.02%
- Taker Fee: 0.075%
- Base Initial Margin: 3.00%
- Base Maintenance Margin: 1.50%
You will be able to trade the LINKUSDT perpetual contract here, or refer to the full contract specs here when they are available.
What is LINK?
Chainlink (LINK) is an ERC-20 token used in the Chainlink platform to incentivise network operators and collateralise the network’s smart contract agreements. The Chainlink platform is a decentralised oracle network that securely connects blockchains with off-chain data. Enterprises that use Chainlink can access any of the major blockchain networks, including Ethereum, Solana, and Terra.
While traditional oracles are centralised, Chainlink decentralises the process of moving data on and off blockchains through the use of hybrid smart contracts. LINK tokens are used to reward Chainlink network operators for retrieving data from off-chain feeds, formatting data into accessible formats, and performing off-chain computations. The Chainlink oracle network has been used to fairly distribute non-fungible tokens (NFTs), gamify personal savings, and facilitate recalibrations of cryptocurrency token supplies, among other applications.
Additionally, with the reintroduction of our Legacy Maker Rebates for Tether – margined contracts, users can now receive a rebate of 0.02% when trading LINKUSDT.
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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