Coming Soon: INITUSDT Perpetual Swap Listing With Up to 50x Leverage
A new perp listing for INIT (Initia) – INITUSDT – will be available to trade on BitMEX, with up to 50x leverage.
Trading will start here at 04:00 UTC on 25 Apr 2025.
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.
INITUSDT Contract Specs
INITUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Initia token and trade it with leverage, without needing to have any Initia holdings.
Key contract details for our Initia token listing:
- Symbol: INITUSDT
- Margin Currency: USDT
- Contract Size: 0.01 INIT
- Lot Size: 100
- Minimum Trade Amount: 1 INIT
- Underlying: .BINITT
- Max Leverage: 50x
- Maker Fee: 0.05%
- Taker Fee: 0.05%
- Base Initial Margin: 2.00%
- Base Maintenance Margin: 1.00%
You can trade the INITUSDT perpetual contract here, or refer to the full contract specs here.
About INIT, the Initia Token
INIT is the native token of Initia, a platform designed to streamline the creation and interoperability of modular rollups. Unlike traditional blockchain ecosystems, Initia focuses on providing a unified environment where developers can easily launch and connect application-specific rollups. This approach aims to simplify the complexities associated with building and managing decentralized applications, fostering a more efficient and scalable blockchain infrastructure.
The INIT token plays a central role within the Initia network, facilitating various functions and interactions. While specific utilities may evolve, INIT is generally intended to be used for governance, staking, and transaction fees within the Initia ecosystem. It also incentivizes participation and secures the network, aligning the interests of developers, users, and other stakeholders. By serving as the core economic unit, INIT helps to maintain the platform’s operation and supports its growth as a hub for modular blockchain innovation..
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