Now Live: CROUSD and CROUSDT Perpetual Swaps

Our new perpetual contracts – CROUSD and CROUSDT – are now live and ready to trade.
CROUSD began trading here and CROUSDT began trading here today at 12:00 UTC.
You can view the full specs for these new perpetual contracts, here and here.

If you haven’t yet signed up for a BitMEX account, you can do so here. 

CROUSD Quanto Contract Specs

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

Traders can post margin in XBT, and earn or lose in XBT as the CRO/USD rate changes. This quanto risk premium may be one of the factors that results in the CROUSD swap trading at a premium/discount to the CROUSD spot price. 

For an explanation of the same concept, check out this blog post referencing ETHUSD. 

Key contract details for our CRO listing:

  • Symbol: CROUSD
  • Margin currency: XBT
  • Bitcoin Multiplier: 0.01 XBT (100,000 Satoshis)
  • XBT Contract Value: CROUSD Price * Bitcoin Multiplier (100,000 Sat / 1 USD)
  • Underlying: .BCRO
  • Max Leverage: 50x
  • Maker Fee: -0.01%
  • Taker Fee: 0.075%
  • Base Initial Margin: 2.00%
  • Base Maintenance Margin: 1.00%

You can start trading the CROUSD perpetual contract here, or check out the full contract specs here in a few hours time. 

CROUSDT Linear Contract Specs

CROUSDT is a linear perpetual swap, margined in USDT.

Key contract details for our CRO coin listing:

  • Symbol: CROUSDT
  • Margin currency: USDT
  • Contract Size: 0.01 CRO
  • Lot Size: 1000
  • Minimum Trade Amount: 10 CRO
  • Underlying: .BCROT
  • Max Leverage: 33.33x
  • Maker Fee: -0.01%
  • Taker Fee: 0.075%
  • Base Initial Margin: 3.00% 
  • Base Maintenance Margin: 1.50%

You can start trading the CROUSDT perpetual contract here, or check out the full contract specs here in a few hours time. 

To be the first to know about our new listings, product launches, and giveaways, you can connect with us on Discord, Telegram, and Twitter. We encourage you to also check our blog regularly. 

In the meantime, if you have any questions please contact Support.