As of 9 October at 04:00 UTC, a new WSM listing – WSMUSDT – is available to trade on BitMEX, and with up to 10x leverage.
For the lowdown on the latest Wall Street Memes’ listing, read on.
If you haven’t signed up for a BitMEX account yet, we’re currently offering up to 10,000 BMEX Tokens for verified users- you can register here.
WSMUSDT Contract Specs
WSMUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Wall Street Memes’ token and trade it with leverage, without needing to have WSM holdings.
Key contract details for our WSM token listing:
- Symbol: WSMUSDT
- Margin Currency: USDT
- Contract Size: 1 WSM
- Lot Size: 10
- Minimum Trade Amount: 10 WSM
- Underlying: .BWSMT
- Max Leverage: 10x
- Risk limit: 1,000,000 USDT
- Maker Fee: -0.02%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You will be able to trade the WSMUSDT perpetual contract here, or refer to the full contract specs here.
What is WSM?
WSM is the token of Wall Street Memes – one of crypto’s biggest communities with the highest social engagement. The aim of the token is to legitimise the movement’s loyal supporters.
Additionally, with the reintroduction of our Legacy Maker Rebates for Tether – margined contracts, users can now receive a rebate of 0.02% when trading WSMUSDT.
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. For the absolute latest, you can also follow us on Twitter, or read our blog and site announcements for the absolute latest.
In the meantime, if you have any questions please contact Support who are available 24/7.
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