Now Live: VELOUSDT Perpetual Swap Listings With Up to 50x Leverage 

A new perp listing for VELO – native token of the Velodrome marketplace – is now available to trade on BitMEX, with up to 50x leverage.

Trading startedd here at 04:00 UTC on 16 Dec 2024. 

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.

VELOUSDT Contract Specs

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

Key contract details for our VELO token listing:

• Symbol: VELOUSDT
• Margin Currency: USDT
• Contract Size: 1 VELO 
• Lot Size: 10
• Minimum Trade Amount: 10 VELO
• Underlying: .BVELOT
• Max Leverage: 50x
• Maker Fee: 0.05%
• Taker Fee: 0.05%
• Base Initial Margin: 2.00%
• Base Maintenance Margin: 1.00%

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

About VELO, the Velodrome Token

Velodrome is an Automated Market Maker designed as the central trading and liquidity marketplace on Optimism Network. It is poised to fuel the next evolution of the Solidly Exchange model introduced by Andrew Cronje.

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 Now Live: VELOUSDT Perpetual Swap Listings With Up to 50x Leverage  appeared first on BitMEX Blog.