Tomorrow, a new ORBS listing – ORBSUSDT – will be available to trade on BitMEX, and with up to 10x leverage.
For the lowdown on the latest listing, read on. Or, 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.
ORBUSDT Contract Specs
ORBUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Orbs platform token and trade it with leverage, without needing to have ORBS holdings.
Key contract details for our ORBS token listing:
- Symbol: ORBUSDT
- Margin Currency: USDT
- Contract Size: 1 ORBS
- Lot Size: 10
- Minimum Trade Amount: 10 ORBS
- Underlying: .BORBST
- Max Leverage: 10x
- Risk limit: 20,000USDT
- Maker Fee: -0.0175%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You will be able to trade the ORBSUSDT perpetual contract here, or refer to the full contract specs here.
What is ORBS?
ORBS is the token of the Orbs platform that has been designed for mass use applications. Established in 2017, it combines scalability, low fees, performance, security and ease of use. Decentalised, open and transparent, the network offers practical blockchain solutions for enterprises and other large-scale consumer applications.
The ORBS token is the only means of payment on the platform, it calculates commissions for executed applications and provides an incentive system that is used to select validators, thereby ensuring the network’s integrity.
Additionally, with our Maker rebate for Tether – margined contracts, users can now receive a rebate of 1.75bps when trading ORBSUSDT
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.
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In the meantime, if you have any questions please contact Support who are available 24/7.
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