Now Live: TAIKOUSDT Perpetual Swap Listing with Up to 10x Leverage 

A new listing – TAIKOUSDT – the native token of Taiko, is now available to trade on BitMEX, with up to 10x leverage.

Trading started here on 6 June 2024 at 04:00 UTC, shortly after spot markets opened on 5 June 2024.

For the lowdown on the latest listing, 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.

You can also trade Taiko via a linear futures listing TKOUSDTZ24 – it’s margined in Tether and with up to 2x leverage. 

TAIKOUSDT Contract Specs

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

Key contract details for our TAIKO token listing:

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

You can trade the TAIKO perpetual contract here, or refer to the full contract specs here.

About TAIKO, the Taiko Token

Taiko is creating a decentralized, Ethereum-compatible Zero Knowledge Execution Environment (Type 1 ZK-EVM). Their objective is to scale Ethereum in a way that closely mirrors its original technological and ideological principles.

TAIKO is the native token of Taiko which is expected to launch on 6 June 2024.

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

The post Now Live: TAIKOUSDT Perpetual Swap Listing with Up to 10x Leverage  appeared first on BitMEX Blog.