A new perp listing for PUMP (Pump.fun) – PUMPUSDT – is available to trade on BitMEX, with up to 50x leverage.
Trading started here at 12:00 UTC on 15 Jul 2024. A Pre-Launch Futures contract for the same token – PUMPUSDTN25 – is already available to trade here.
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.
PUMPUSDT Contract Specs
PUMPUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the PUMP token and trade it with leverage, without needing to have any PUMP holdings.
Key contract details for our PUMP token listing:
- Symbol: PUMPUSDT
- Margin Currency: USDT
- Contract Size: 0.01 PUMP
- Lot Size: 100
- Minimum Trade Amount: 1 PUMP
- Underlying: .BPUMPT
- Max Leverage: 50x
- Maker Fee: 0.05%
- Taker Fee: 0.05%
- Base Initial Margin: 2.00%
- Base Maintenance Margin: 1.00%
You will be able to trade the PUMP perpetual contract here, or refer to the full contract specs here.
About PUMP, the Pump.fun Token
PUMP is the native token of the pump.fun platform, a prominent cryptocurrency launchpad on the Solana blockchain. Launched in January 2024, pump.fun allows users to easily create and trade new tokens, primarily meme coins, without requiring extensive technical knowledge or upfront liquidity. The platform operates on a “bonding curve” model, where the token’s price increases as more users buy it, and tokens that reach a certain market capitalization “graduate” to decentralized exchanges like Raydium for broader liquidity.
The PUMP token is designed to serve as a utility and governance token within the pump.fun ecosystem. While not strictly required for basic platform use, it is expected to unlock access to additional features, promotional events, and potentially provide holders with a share of the platform’s protocol revenue.
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