We are expanding our Altcoin offering further with the launch of three new Altcoin/USDT underlying quanto futures contracts. Trading will begin on 30 October 2020 at 04:00 UTC. Twenty-four hours before the start of trading, the new contracts will be visible on the platform as Unlisted.
Binance Coin (BNB) powers the Binance ecosystem and is the native coin of Binance Chain. BitMEX traders will be able to hedge their exposure to BNB through our new quanto futures contract.
DOT is the native token of Polkadot, a protocol for connecting decentralized applications, services, and institutions. Polkadot has been gaining popularity among developers in 2020 with PolkaBTC set to go live in 2021.
YFI follows last month’s addition of LINK as we broaden the range of DeFi-linked contracts available on the BitMEX platform.
These three contracts aim to provide our users with quality coverage of highly liquid products. We plan to introduce several more Altcoin product listings before the end of the year.
As with all quanto products, these contracts have a fixed Bitcoin multiplier regardless of the underlying Altcoin price. This allows traders to long or short each coin without needing to hold the specific coin or USDT. Traders post margin in XBT, and earn or lose XBT as the future’s price changes.
|
Contract |
Pair |
Max Leverage |
Taker |
Maker |
Listing Date |
Settlement Date |
|
BNBUSDTZ20 |
Binance Coin / Tether |
33x |
0.075% |
-0.025% |
30 October 2020 |
25 December 2020 |
|
DOTUSDTZ20 |
Polkadot / Tether |
25x |
0.075% |
-0.025% |
30 October 2020 |
25 December 2020 |
|
YFIUSDTZ20 |
yearn.finance / Tether |
25x |
0.075% |
-0.025% |
30 October 2020 |
25 December 2020 |
Contracts are live on Testnet now. Click here for BNBUSDTZ20, DOTUSDTZ20, and YFIUSDTZ20.
Please contact Support for further questions.