A new perp listing for XLM (Stellar) – XLMUSDT – is available to trade on BitMEX, with up to 33x leverage.
Trading started here at 12:00 UTC on 15 Jul 2024.
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.
XLMUSDT Contract Specs
XLMUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the XLM token and trade it with leverage, without needing to have any XLM holdings.
Key contract details for our PUMP token listing:
- Symbol: XLMUSDT
- Margin Currency: USDT
- Contract Size: 0.01 XLM
- Lot Size: 100
- Minimum Trade Amount: 1 XLM
- Underlying: .BXLMT
- Max Leverage: 50x
- Maker Fee: 0.05%
- Taker Fee: 0.05%
- Base Initial Margin: 3.00%
- Base Maintenance Margin: 1.50%
You will be able to trade the XLM perpetual contract here, or refer to the full contract specs here.
About XLM, the Stellar Token
XLM is the native token of the Stellar network, an open-source, decentralized blockchain platform launched in July 2014. Stellar’s primary purpose is to facilitate fast, low-cost, and secure cross-border payments and remittances, connecting financial institutions, payment systems, and individuals globally. Unlike some other blockchains, Stellar does not involve “blind computation” which processes encrypted data without revealing it; instead, it focuses on transparent and efficient transaction processing.
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