BitMEX lists Solana (SOL) perpetual contract with up to 33x leverage

BitMEX lists Solana (SOL) perpetual contract with up to 33x leverage


Crypto derivatives trade BitMEX, introduced now the summertime rollout of listing 10 new solutions has started starting with – Solana (SOL).

The SOLUSDT Perpetual Swap agreement with up to 33x leverage will go live at 04:00 UTC on Tuesday, June 1st, 2021 and is noticeable now testnet.

Like all BitMEX quanto contracts, the SOLUSDT merchandise will have a fixed Bitcoin multiplier regardless of the Tether/Solana rate. This allows traders to lengthy or short the SOL/USDT trade level without having ever touching possibly SOL or USDT.

Traders put up margin in XBT and generate or lose XBT as the SOL/USDT rate changes. This quanto possibility premium may be 1 of the variables which outcome in the SOLUSDT swap investing at a top quality/price reduction to the SOLUSDT spot value.

Agreement Facts:

Image: SOLUSDT
Bitcoin Multiplier: .00001 XBT (1,000 Satoshis)
XBT Deal Price: SOLUSDT Cost * Bitcoin Multiplier (1,000 Sat / 1 USDT)
Fundamental: .BSOLT
Max Leverage: 33x
Maker Fee: -.025%
Taker Fee: .075%
Foundation Original Margin: 3.00%
Foundation Routine maintenance Margin: 1.50%

The testnet contract will be seen on the system from 04:00 UTC on 31 May 2021 as Unlisted, 24 hours before investing begins at 04:00 UTC on 1 June 2021.



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