A new listing – ENAUSDT – featuring ENA, the governance token of Ethena will soon be available to trade on BitMEX, with up to 10x leverage.
Trading is expected to commence on 2 April 2024 shortly after 12:00 UTC, once spot markets have opened. Read on for the lowdown on the latest listing.
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.
You can already trade ENA via a linear futures listing ENAUSDTJ24 – it’s margined in Tether and with up to 2x leverage.
ENAUSDT Contract Specs
ENAUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Ethena token and trade it with leverage, without needing to have any ENA holdings.
Key contract details for our ENA token listing:
- Symbol: ENAUSDT
- Margin Currency: USDT
- Contract Size: 1 ENA
- Lot Size: 10
- Minimum Trade Amount: 10 ENA
- Underlying: .BENAT
- Max Leverage: 10x
- Maker Fee: -0.015%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You will be able to trade the ENA perpetual contract here, or refer to the full contract specs here.
About ENA, the Ethena Token
Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument – the ‘Internet Bond’.
Ethena’s synthetic dollar, USDe, will provide the first censorship-resistant, scalable, and stable crypto-native solution for money achieved by delta-hedging staked Ethereum collateral. USDe will be fully backed transparently on-chain and free to compose throughout DeFi.
ENA is the upcoming governance token of the Ethena project. For a deeper look at the project, visit their website: https://www.ethena.fi/.
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