SRMUSDT Quanto Perpetual Contract is now available on BitMEX exchange.
SRMUSDT Quanto Perpetual Contract on BitMEX
The SRMUSDT perpetual swap contract has a leverage of up to 20 times, and it was launched at GMT+8 on August 24, 2021 at 12:00 (UTC time 04:00).
With excellent platform performance, top-level liquidity, and security now is the perfect time to trade on BitMEX.
Click here to register an account.
Users can also use BitMEX mobile terminal to trade, the APP can be downloaded in more than 140 countries/regions.
We have been launching new products this summer-please click to see the launch of AXSUSDT perpetual swaps, SUSHIUSDT perpetual swaps, AAVEUSDT perpetual swaps, MATICUSDT perpetual swaps, and XBTEUR perpetual swaps and futures contracts.
As with all dual currency contracts, regardless of the price of TEDA/SRM, SRM products will have a fixed Bitcoin multiplier.
This allows traders to go long or short the SRM/USDT exchange rate without having to hold SRM or USDT.
Traders use XBT as margin and earn or lose XBT as the SRM/USDT exchange rate changes.
This dual currency risk premium may be one of the factors that cause the SRMUSDT swap transaction to have a premium/discount relative to the SRMUSDT spot price-please refer to our blog post explaining the same concept of ETHUSD.
| Symbol: | SRMUSDT |
|---|---|
| Bitcoin Multiplier: | 0.00001 XBT (1,000 Satoshis) |
| XBT Contract Value: | SRMUSDT Price * Bitcoin Multiplier (1,000 Sat / 1 USDT) |
| Underlying: | .BSRMT |
| Max Leverage: | 20x |
| Maker Fee: | -0.01% |
| Taker Fee: | 0.05% |
| Base Initial Margin: | 5.00% |
| Base Maintenance Margin: | 2.50% |
The SRMUSDT perpetual contract is currently listed on Testnet.
Go to BitMEX’s Official Website
Please check BitMEX official website or contact the customer support with regard to the latest information and more accurate details.
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Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...