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27.05.2021, 22:09 | #1 |
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BitMEX launches Solana (SOL) perpetual contract with up to 33x leverage
Crypto derivatives exchange BitMEX, announced today the summer rollout of listing 10 new products has begun; starting with – Solana (SOL). The SOLUSDT Perpetual Swap contract with up to 33x leverage will go live at 04:00 UTC on Tuesday, June 1st, 2021; and is visible now testnet. Like all BitMEX quanto contracts, the SOLUSDT product will have a fixed Bitcoin multiplier regardless of the Tether/Solana price. This allows traders to long or short the SOL/USDT exchange rate without ever touching either SOL or USDT. Traders post margin in XBT and earn or lose XBT as the SOL/USDT rate changes. This quanto risk premium may be one of the factors which result in the SOLUSDT swap trading at a premium/discount to the SOLUSDT spot price. Contract Details:
Source: BitMEX |