Coming Soon: BLASTUSDT Perpetual Swap Listing with Up to 10x Leverage

A new listing – BLASTUSDT – the native token of Blast Network, will be available to trade on BitMEX, with up to 10x leverage.

Trading is expected to commence at 04:00 UTC on 27 June 2024.

For the lowdown on the latest listing, read on.

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 Blast Network via a linear futures listing BLASTUSDTZ24 – it’s margined in Tether and with up to 2x leverage. 

BLASTUSDT Contract Specs

BLASTUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Blast Network token and trade it with leverage, without needing to have any BLAST holdings.

Key contract details for our BLAST token listing:

Margin Currency: USDT
Contract Size: 1 BLAST
Lot Size: 1
Minimum Trade Amount: 1 BLAST
Underlying: .BBLASTT
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 BLAST perpetual contract here, or refer to the full contract specs here.

About BLAST, the Blast Network Token

Blast Network (BLAST) is an Ethereum Layer 2 designed to maximise staking yields. Blast is currently invite-only with a TVL of over 1.60 billion and is the only chain with a native stablecoin (USDB). Users receive “Blast Points” for participating in the Blast ecosystem activities such as bridging assets. Additionally, “Blast Gold” is distributed to dApps based on their TVL and user activity. Both have an allocation towards the upcoming airdrop scheduled for June. 

Blast Network is developed by Blur, the NFT marketplace’s founder, Pacman.

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

In the meantime, if you have any questions please contact Support who are available 24/7. 

The post Coming Soon: BLASTUSDT Perpetual Swap Listing with Up to 10x Leverage appeared first on BitMEX Blog.

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