You asked and we’re answering.
We’re introducing six new Altcoin/USDT quanto perpetual contracts to the BitMEX platform in March as we expand our product offering and list perpetual swaps for our users’ favourite coins.
These will be:
- Cardano (ADA)
- Polkadot (DOT)
- EOS
- yearn.finance (YFI)
- Uniswap (UNI)
- Stellar Lumens (XLM)
The contracts will be launched in batches spaced out throughout March, with DOT and UNI listing at 04:00 UTC on 3 March. We’ll list two more from the list on 10 March and the remaining two on 17 March.
It’s a great time to be on BitMEX, with excellent platform performance alongside top tier liquidity and security. Sign up for an account here. Users can also trade on the go with BitMEX Mobile, available in over 140 countries.
If you have any questions, please direct these to Support. Happy trading from the BitMEX team.
More Details
As with all quanto products, these contracts 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 the same concept for ETHUSD.
DOT and UNI are now available on Testnet, along with the full specs for each contract here: DOTUSDT and UNIUSDT.
The contracts will be visible on the platform from 4:00 UTC on 2 March as Unlisted, 24 hours before trading starts at 04:00 UTC on 3 March.
|
Contract |
Visible on Testnet |
Visible on Platform as Unlisted |
Listed on Platform for Trading |
|
Now |
From 4:00 UTC on 2 March |
At 04:00 UTC on 3 March |
|
|
Now |
From 4:00 UTC on 2 March |
At 04:00 UTC on 3 March |
Related
The post appeared first on Blog BitMex
