Better Late than Tether: USDT-Margined Contracts Now Live in Testnet ahead of November Launch

Today, we listed new linear perpetual swaps and futures in Testnet which are margined and settled in USDT. They are live in Testnet now – and full functionality for USDT trading will launch in November.

To allow users to prepare for and test trading strategies for the full launch, each USDT deposit address created in Testnet will receive 100,000 USDT_T2 (our form of Testnet USDT).

Please see below the details of the new contracts available in Testnet. 

Contract

Contract Type

Contract Size

Max Order Quantity

Lot Size

Minimum Trade Amount

Initial Margin

Maintenance Margin

XBTUSDT

Linear Perpetual

0.000001 XBT

1,000,000,000

1000

0.001 XBT

1.00%

0.50%

XBTUSDTZ21

Linear Futures

0.000001 XBT

1,000,000,000

1000

0.001 XBT

1.00%

0.50%

ETHUSDT

Linear Perpetual

0.00001 ETH

1,000,000,000

1000

0.01 ETH

2.00%

1.00%

XRPUSDT

Linear Perpetual

0.01 XRP

1,000,000,000

1000

10 XRP

3.00%

1.50%

LTCUSDT

Linear Perpetual

0.0001 LTC

1,000,000,000

1000

0.1 LTC

3.00%

1.50%

BCHUSDT

Linear Perpetual

0.00001 BCH

1,000,000,000

1000

0.01 BCH

3.00%

1.50%


We’re delighted to announce this change, which will create a more well-rounded product offering on BitMEX. We’ll be unveiling more on our USDT plans as the go-live date in November approaches. If you have any questions, please contact our Support team who will be happy to help.