Introducing the TRXUSDT and EOSUSDT Quanto Perpetual Contracts

It’s very important to us to list the assets that command liquidity and matter most to our users – even if that means a slight change of plans. 

Outside of the list of Altcoin Perpetual Swaps previously announced, we will also launch a TRXUSDT perpetual swap contract with up to 33x leverage at 04:00 UTC on 17 March. The YFIUSDT perpetual swap will be launched as soon as market conditions are right while the EOSUSDT perpetual swap will launch as planned at 04:00 UTC on 17 March. 

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More Details

Like other quanto contracts, the TRXUSDT and EOSUSDT products will have a fixed Bitcoin multiplier regardless of the Tether/underlying coin price. This allows traders to put on long or short positions without ever touching either the coin itself or USDT. 

Traders post margin in XBT, and earn or lose XBT as the rate changes. This quanto risk premium may be one of the factors which results in the swap trading at a premium / discount to the spot price – see our blog post explaining this concept for ETHUSD.

Key TRXUSDT contract details:

• Symbol: TRXUSDT
• Bitcoin Multiplier: 0.001 XBT (100,000 Satoshis)
• XBT Contract Value: TRXUSDT Price * Bitcoin Multiplier (100,000 Sat/1 USDT)
• Underlying: .BTRXT
• Max Leverage: 33x
• Maker Fee: -0.025%
• Taker Fee: 0.075%
• Base Initial Margin: 3.00%
• Base Maintenance Margin: 1.50%

Key EOSUSDT contract details:

• Symbol: EOSUSDT
• Bitcoin Multiplier: 0.0001 XBT (10,000 Satoshis)
• XBT Contract Value: EOSUSDT Price * Bitcoin Multiplier (10,000 Sat/1 USDT)
• Underlying: .BEOST
• Max Leverage: 33x
• Maker Fee: -0.025%
• Taker Fee: 0.075%
• Base Initial Margin: 3.00%
• Base Maintenance Margin: 1.50%

The contracts will be visible on the platform from 16 March at 04:00 UTC as Unlisted, 24 hours before trading starts at 04:00 UTC on 17 March.

Contract	Visible on Testnet	Visible on Platform as Unlisted	Listed on Platform for Trading
EOSUSDT	Now	From 4:00 UTC on 16 March	At 04:00 UTC on 17 March
TRXUSDT	Now	From 4:00 UTC on 16 March	At 04:00 UTC on 17 March

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