Aptos (APT) launched across spot markets yesterday. And from today at 04:00 UTC, BitMEX users can trade the APT coin via our APTUSD and APTUSDT listings – with up to 50x leverage.
Aptos – a newly announced project backed by some of the biggest names in crypto – aims to deliver the world’s safest and most production-ready blockchain.
As mentioned, the project is heavily backed by some of the biggest names in the crypto space. For fast and secure transaction execution, its protocol uses the MOVE programming language.
You can read more about the Aptos protocol and its key features here.
If you haven’t yet signed up for a BitMEX account, you can do so here. Currently, new users can receive up to 80 BMEX Tokens.
APTUSD Quanto Contract Specs
As with all quanto contracts, the APTUSD product has a fixed Bitcoin multiplier, regardless of the APT/USD price. This allows traders to long or short the APT/USD exchange rate without ever touching APT or USD.
Traders can post margin in XBT, and earn or lose in XBT as the APT/USD rate changes. This quanto risk premium may be one of the factors that results in the APTUSD swap trading at a premium/discount to the APTUSD spot price.
For an explanation of the same concept for ETHUSD, check out this blog post.
Key contract details for our APT coin listing:
- Symbol: APTUSD
- Margin currency: XBT
- Bitcoin Multiplier: 0.00001 XBT (100,000 Satoshis)
- XBT Contract Value: APTUSD Price * Bitcoin Multiplier (1,000 Sat / 1 USD)
- Underlying: .BAPT
- Max Leverage: 50x
- Maker Fee: -0.01%
- Taker Fee: 0.075%
- Base Initial Margin: 2.00%
- Base Maintenance Margin: 1.00%
You can start trading the APTUSD perpetual contract here, or check out the full contract specs here.
APTUSDT Linear Contract Specs
APTUSDT is a linear perpetual swap, margined in USDT.
Key contract details for our APT coin listing:
- Symbol: APTUSDT
- Margin currency: USDT
- Contract Size: 0.001 APT
- Lot Size: 1000
- Minimum Trade Amount: 1 APT
- Underlying: .BAPTT
- Max Leverage: 33.33x
- Maker Fee: -0.01%
- Taker Fee: 0.075%
- Base Initial Margin: 3.00%
- Base Maintenance Margin: 1.50%
You can start trading the APTUSDT perpetual contract here, or check out the full contract specs here.
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The post Now Live: Bitcoin- and Tether-Margined APT Listings appeared first on BitMEX Blog.
