XBT and USDT Margined Green Metaverse Token (GMT) Token Listing on BitMEX.
STEPN has taken the GameFi space by storm, and its governance token – Green Metaverse Token (GMT) – is about to land on BitMEX.
Users will soon be able to trade BitMEX’s new XBT and USDT margined GMT perpetual contracts with up to 33x leverage.
GMTUSD and GMTUSDT will be listed at 04:00 UTC on April 11, 2022 and are now available on testnet.
Go to BitMEX’s Official Website
GMTUSD Dual Currency Contract Details
Like all dual-currency contracts, the GMTUSD product will have a fixed Bitcoin multiplier regardless of changes in the USD/GMT price.
This allows traders to go long or short the GMT/USD rate without touching GMT or USD.
Traders use XBT as margin and earn or lose XBT as the GMT/USD exchange rate changes.
This dual currency risk premium may be one of the factors that cause GMTUSD swaps to have a premium/discount to the GMTUSDT spot price.
- Symbol: GMTUSD
- Margin currency: XBT
- Bitcoin Multiplier: 0.0001 XBT (10,000 Satoshis)
- XBT Contract Value: GMTUSD Price * Bitcoin Multiplier (10,000 Sat / 1 USDT)
- Underlying: .BGMT
- Max Leverage: 33x
- Maker Fee: -0.01%
- Taker Fee: 0.05%
- Base Initial Margin: 3.00%
- Base Maintenance Margin: 1.50%
GMTUSDT Linear Contract Details
GMTUSDT is a linear perpetual drop, with USDT as the margin.
- Symbol: GMTUSDT
- Margin currency: USDT
- Contract Size: GMTUSD Price * Bitcoin Multiplier (10,000 Sat / 1 USDT)
- Lot Size: 100
- Minimum Trade Amount: 0.001 GMT
- Underlying: .BGMTT
- Max Leverage: 33x
- Maker Fee: -0.01%
- Taker Fee: 0.05%
- Base Initial Margin: 3.00%
- Base Maintenance Margin: 1.50%
From April 10, 2022 04:00 UTC, the GMTUSD and GMTUSDT contracts will appear on the platform as non-listed contracts, ie 24 hours before trading starts on April 11, 2022, 04:00 UTC.
Both the .BMMT and .BMMTT indices are equally weighted and based on the prices of Binance, FTX, Gate.io, Huobi and OKX.
When Coinbase lists GMT, its price will be added.
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.
BitMEX official website is here.
Please click "Introduction of BitMEX", if you want to know the details and the company information of BitMEX.
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...