Coming Today: WUSDT Perpetual Swap Listing with Up to 10x Leverage
A new listing – WUSDT – featuring W, the Wormhole token will be available to trade on BitMEX, with up to 10x leverage.
Trading is expected to commence shortly after 13:00 UTC once spot markets have opened on 3 April 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 W via a linear futures listing WUSDTZ24 – it’s margined in Tether and with up to 2x leverage.
WUSDT Contract Specs
WUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Wormhole token and trade it with leverage, without needing to have any W holdings.
Key contract details for our WUSDT listing:
Symbol: WUSDT
Margin Currency: USDT
Contract Size: 1 W
Lot Size: 1
Minimum Trade Amount: 1 W
Underlying: .BWT
Max Leverage: 10x
Maker Fee: -0.015%
Taker Fee: 0.075%
Base Initial Margin: 10.00%
Base Maintenance Margin: 5.00%
About W, the Wormhole Token
W is the native token that can be used by holders to participate in the governance of the Wormhole protocol.
Wormhole is an open-source blockchain development platform focused on interoperability connecting the decentralized web. The platform is divided into four core foundations: messaging (for secure cross-chain transfers), queries (for pulling on-chain data to your app on any chain), connect (for integrating in-app bridget widgets), and gateway (for growing liquidity and users).
You will be able to trade the WUSDT futures contract here, or refer to the full contract specs here.
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