Wallets&Exchanges

Now Live: FTMUSD Perpetual Swap Listing with Up to 10x Leverage 

You can now trade a new listing featuring – FTM – the token of Fantom – a layer one smart contract platform, on BitMEX, and with up to 10x leverage. 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.

FTMUSD Quanto Contract Specs

As with all quanto contracts, the FTMUSD product has a fixed Bitcoin multiplier, regardless of the FTM/USD price. This allows traders to long or short the FTM/USD exchange rate without ever touching FTM or USD.

Traders can post margin in XBT, and earn or lose in XBT as the FTM/USD rate changes. 

This quanto risk premium may be one of the factors that results in the FTMUSD swap trading at a premium/discount to the FTMUSD spot price. 

Key contract details for our FTM token listing:

Symbol: FTMUSD
Margin Currency: XBT
Bitcoin Multiplier: 0.0001 XBT (10,000 Satoshis)
XBT Contract Value: FTMUSDPrice * Bitcoin Multiplier (10,000 Sat / 1 USD)
Underlying: .BFTM
Max Leverage: 10x
Risk limit: 50 XBT
Maker Fee: 0.02%
Taker Fee: 0.075%
Base Initial Margin: 10.00%
Base Maintenance Margin: 5.00%

You can trade the FTMUSD perpetual contract here, or refer to the full contract specs here.

About (FTM) – the Fantom Token 

FTM is the in-house token of Fantom – a directed acyclic graph (DAG) smart contract platform that provides decentralised finance (DeFi) services to developers using its own bespoke consensus algorithm. Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed. It was created as an alternative to Ethereum. Fantom’s goal is to overcome the limitations of previous generation blockchains and balance three components: scalability, security and decentralisation. 

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

The post Now Live: FTMUSD Perpetual Swap Listing with Up to 10x Leverage  appeared first on BitMEX Blog.

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