Now Live: GASUSDT Perpetual Swap Listing

Our new listing – GASUSDT – featuring Gas – one of the tokens of the NEO platform, is now available to trade on BitMEX, and with up to 10x leverage.

Trading started on Monday 30 October 2023 at 04:00 UTC.

Trade it here

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.

GASUSDT Contract Specs

GASUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of this NEO platform token and trade it with leverage, without needing to have any GAS holdings.

Key contract details for our GAS token listing:

  • Symbol: GASUSDT
  • Margin Currency: USDT
  • Contract Size: 1 GAS
  • Lot Size: 10
  • Minimum Trade Amount: 10 GAS
  • Underlying: .BGAST
  • Max Leverage: 10x
  • Maker Fee: -0.0175%
  • Taker Fee: 0.075%
  • Base Initial Margin: 10.00%
  • Base Maintenance Margin: 5.00%

You will be able to trade the GASUSDT perpetual contract here, or refer to the full contract specs here.

What is the GAS Token?

GAS is one of two tokens that users pay to use NEO – a China-focused blockchain platform focused on becoming the backbone of the emerging digital economy. 

It aims to take blockchain beyond just payments, by enabling and enhancing new blockchain use cases including but not limited to; digital identity security, expand the digitisation of assets like real estate, and smart contract execution. 

As mentioned NEO has two tokens in operation – GAS and NEO. NEO gives holders the right to vote on network proposals, while GAS is used to pay for network usage, such as executing smart contracts.

Additionally, with our Maker rebate for Tether – margined contracts, users can now receive a rebate of 1.75bps when trading GASUSDT

To be the first to know about our new listings, product launches, giveaways and more, we invite you to join one of our online communities and connect with other traders. 

For the absolute latest, you can also follow us on Twitter, or read our blog and site announcements for the absolute latest. 

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