Coming Soon: Perpetual Swap Listings for SAGA and TNSR with 10x Leverage

Two new perpetual contract listings – SAGAUSDT and TNSRUSDT – will be available to trade on BitMEX later today, with up to 10x leverage. 

Trading for both contracts will start at 12:00 UTC on 10 April 2024. You will be able to trade SAGAUSDT here and TNSRUSDT here. 

For the lowdown on the latest listings, read on.

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.

SAGAUSDT Contract Specs

SAGAUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Saga token and trade it with leverage, without needing to have any SAGA holdings.

Key contract details for our SAGA token listing:

• Symbol: SAGAUSDT
• Margin Currency: USDT
• Contract Size: 1 SAGA
• Lot Size: 1
• Minimum Trade Amount: 1 SAGA
• Underlying: .BSAGAT
• Max Leverage: 10x
• Maker Fee: -0.015%
• Taker Fee: 0.075%
• Base Initial Margin: 10.00%
• Base Maintenance Margin: 5.00%

You will be able to trade the SAGA perpetual contract here, or refer to the full contract specs here.

You can already trade SAGA via a linear futures listing SAGAUSDTJ24 – it’s margined in Tether and with up to 2x leverage. 

About SAGA, the Saga Token

Saga Protocol is a Layer 1 that allows developers to automatically spin up VM-agnostic, parallelized, and interoperable dedicated chains, or “Chainlets,” that provide applications with infinite horizontal scalability. SAGA is the Saga Protocol’s native utility token and is used for payment, staking, and governance.

Saga Protocol is a Binance Launchpool project and SAGA, the protocol’s native token, launched spot trading on 9 April 2024.

TNSRUSDT Contract Specs

TNSRUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Tensor token and trade it with leverage, without needing to have any TNSR holdings.

Key contract details for our TNSR token listing:

• Symbol: TNSRUSDT
• Margin Currency: USDT
• Contract Size: 1 TNSR
• Lot Size: 1
• Minimum Trade Amount: 1 TNSR
• Underlying: .BTNSRT
• Max Leverage: 10x
• Maker Fee: -0.015%
• Taker Fee: 0.075%
• Base Initial Margin: 10.00%
• Base Maintenance Margin: 5.00%

You will be able to trade the TNSR perpetual contract here, or refer to the full contract specs here.

About TNSR, the Tensor Token 

Tensor is the largest NFT marketplace on the Solana blockchain, boasting around 60-70% of Solana’s NFT volume flows daily. The marketplace launched in July 2022 and quickly rose to the #1 NFT marketplace spot in less than a year.

TNSR is the native token of Tensor, and was airdropped to participants of their reward program on 8 April 2024. 

To be the first to know about our new listings, product launches, giveaways and more, we invite you to join one of our online communities and connect with other traders. 

For the absolute latest, you can also follow us on Twitter, or read our blog and site announcements. 

In the meantime, if you have any questions please contact Support who are available 24/7. 

The post Coming Soon: Perpetual Swap Listings for SAGA and TNSR with 10x Leverage appeared first on BitMEX Blog.