A new listing – OKBUSDT – created to give traders exposure to the newly announced X1 layer 2 network, is live on BitMEX – and with up to 10x leverage.
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. For the lowdown on the latest listing, read on.
OKBUSDT Contract Specs
OKBUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the OKX token and trade it with leverage, without needing to have any OKB holdings.
Key contract details for our OKB token listing:
- Symbol: OKBUSDT
- Margin Currency: USDT
- Contract Size: 0.0001 OKB
- Lot Size: 1000
- Minimum Trade Amount: 0.1 OKB
- Underlying: .BOKBT
- Max Leverage: 10x
- Maker Fee: -0.015%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You can trade the OKBUSDT perpetual contract here, or refer to the full contract specs here.
What is OKB?
OKB is the utility token of OKX, a cryptocurrency exchange platform – it was also recently announced to be the native token of the X1 Network.
X1 is a ZK-powered layer 2 network that allows anyone to take part in a truly global on-chain ecosystem – with a minimum gas fee. The network is expected to launch a testnet in Q3 of this year. The mainnet is expected in Q1 2024.
Users can use OKB for transaction fees, accessing dapps, and participating in governance.
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