Introducing a new LINKUSDT Quanto Perpetual Contract and increased leverage on our LINKUSDT Quanto Future Contract

In response to the popularity of the LINKUSDTZ20 since its launch on 11 September 2020, we are now launching a LINKUSDT quanto perpetual swap contract with up to 50x leverage on 16 October 2020 at 04:00 UTC. In addition, the maximum leverage of the current LINKUSDT quanto futures contract will also be increased from 33x to 50x. 

Like other quanto contracts, the LINKUSDT product will have a fixed Bitcoin multiplier regardless of the Tether/Chainlink price. This allows traders to long or short the LINK/USDT exchange rate without ever touching either LINK or USDT. Traders post margin in XBT, and earn or lose XBT as the LINK/USDT rate changes. This quanto risk premium may be one of the factors which results in the LINKUSDT swap trading at a premium / discount to the LINKUSDT spot price – see our blog post explaining the same concept for ETHUSD from 2018. 

The LINKUSDT perpetual contract is now available in Testnet, along with the full contract specs.   

Key contract details:

  • Symbol: LINKUSDT
  • Bitcoin Multiplier: 0.0001 XBT (10,000 Satoshis)
  • XBT Contract Value: LINKUSDT Price * Bitcoin Multiplier (10,000 Sat/$1)
  • Underlying: .BLINKT
  • Max Leverage: 50x
  • Maker Fee: -0.025%
  • Taker Fee: 0.075%
  • Base Initial Margin: 2.00% 
  • Base Maintenance Margin: 1.00% 

The contract will be visible on the platform from 15 October 2020 at 04:00 UTC as Unlisted, 24 hours before the start of trading. 

For any questions regarding this announcement, please contact Support.