Wallets&Exchanges

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

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

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