Tomorrow, a new perpetual contract listing – POLUSDT – featuring POL, the newly introduced Polygon Ecosystem token – will be available to trade on BitMEX, with up to 10x leverage.
Trading for POLUSDT will start at 04:00 UTC on 5 September 2024. You will be able to trade the new contract here.
This listing comes as part of the transition of BitMEX’s support of POL on the Polygon Network. Users who have yet to withdraw their MATIC (ERC-20) tokens on BitMEX are strongly encouraged to do so as soon as possible. You can find all the details of the Polygon migration for BitMEX users in our blog.
For the lowdown on the latest listings, 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.
POLUSDT Contract Specs
POLUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the POL token and trade it with leverage, without needing to have any POL holdings.
Key contract details for our POL token listing:
- Symbol: POLUSDT
- Margin Currency: USDT
- Contract Size: 0.01 POL
- Lot Size: 1000
- Minimum Trade Amount: 10 POL
- Underlying: .BPOLT
- *Max Leverage: 10x
- Maker Fee: -0.015%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
*Due to insufficient liquidity and volume on the POL token, we have reduced the max leverage and risk limits of POLUSDT. BitMEX will review contract specifications and adjust POLUSDT to match the previously listed MATICUSDT contract once market conditions improve.
You will be able to trade the POL perpetual contract here, or refer to the full contract specs here.
About POL, The Polygon Ecosystem Token
POL (Polygon) is the newly introduced ecosystem token for the Polygon network. Formerly MATIC, POL is a hyperproductive token that can be used to provide valuable services to any chain on Polygon, including the AggLayer itself. The token is now the native gas and staking token of Polygon PoS—and fundamental to Polygon network security.
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