A new listing – ARKUSDT – featuring ARK – the native token of the ARK Network is available to trade 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.
ARKUSDT Contract Specs
ARKUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the ARK Network token and trade it with leverage, without needing to have any ARK holdings.
Key contract details for our ARK token listing:
- Symbol: ARKUSDT
- Margin Currency: USDT
- Contract Size: 1 ARK
- Lot Size: 10
- Minimum Trade Amount: 10 ARK
- Underlying: .BARKT
- Max Leverage: 10x
- Maker Fee: -0.0175%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
What is ARK?
The ARK Network is a fully decentralised network run by 51 validators and an army of enthusiasts. It allows anyone to create their own fully customisable and interoperable blockchain and aims to solve the difficulty of working with blockchain technology and developing solutions that satisfy various use cases. ARK is the native token of the network.
As well as trade with 10x leverage, with our Maker rebate for Tether – margined contracts, users can now receive a rebate of 1.75bps when trading ARKUSDT.
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