WUSDT – featuring W, the Wormhole token is now available to trade on BitMEX, with up to 10x leverage.
Trading started on 3 April 2024 shortly after 13:00 UTC. For the lowdown on the latest listing, read on.
You can trade the WUSDT futures contract here, or refer to the full contract specs 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.
WUSDT Contract Specs
WUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Wormhole token and trade it with leverage, without needing to have any W holdings.
Key contract details for our WUSDT listing:
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Symbol: WUSDT
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Margin Currency: USDT
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Contract Size: 1 W
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Lot Size: 1
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Minimum Trade Amount: 1 W
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Underlying: .BWT
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Max Leverage: 10x
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Maker Fee: -0.015%
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Taker Fee: 0.075%
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Base Initial Margin: 10.00%
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Base Maintenance Margin: 5.00%
About W, the Wormhole Token
W is the native token that can be used by holders to participate in the governance of the Wormhole protocol.
Wormhole is an open-source blockchain development platform focused on interoperability connecting the decentralized web. The platform is divided into four core foundations: messaging (for secure cross-chain transfers), queries (for pulling on-chain data to your app on any chain), connect (for integrating in-app bridget widgets), and gateway (for growing liquidity and users).
You can trade the WUSDT futures contract here, or refer to the full contract specs here.