Better Late than Tether: USDT-Margined Contracts Now Live in Testnet ahead of November Launch

Today, we listed new linear perpetual swaps and futures in Testnet which are margined and settled in USDT. They are live in Testnet now – and full functionality for USDT trading will launch in November.

To allow users to prepare for and test trading strategies for the full launch, each USDT deposit address created in Testnet will receive 100,000 USDT_T2 (our form of Testnet USDT).

Please see below the details of the new contracts available in Testnet. 

Contract Contract Type Contract Size Max Order Quantity Lot Size Minimum Trade Amount Initial Margin Maintenance Margin
XBTUSDT Linear Perpetual 0.000001 XBT 1,000,000,000 1000 0.001 XBT 1.00% 0.50%
XBTUSDTZ21 Linear Futures 0.000001 XBT 1,000,000,000 1000 0.001 XBT 1.00% 0.50%
ETHUSDT Linear Perpetual 0.00001 ETH 1,000,000,000 1000 0.01 ETH 2.00% 1.00%
XRPUSDT Linear Perpetual 0.01 XRP 1,000,000,000 1000 10 XRP 3.00% 1.50%
LTCUSDT Linear Perpetual 0.0001 LTC 1,000,000,000 1000 0.1 LTC 3.00% 1.50%
BCHUSDT Linear Perpetual 0.00001 BCH 1,000,000,000 1000 0.01 BCH 3.00% 1.50%

We’re delighted to announce this change, which will create a more well-rounded product offering on BitMEX. We’ll be unveiling more on our USDT plans as the go-live date in November approaches. If you have any questions, please contact our Support team who will be happy to help.