Our new perpetual contracts – CROUSD and CROUSDT – are now live and ready to trade.
CROUSD began trading here and CROUSDT began trading here today at 12:00 UTC.
You can view the full specs for these new perpetual contracts, here and here.
If you haven’t yet signed up for a BitMEX account, you can do so here.
CROUSD Quanto Contract Specs
As with all quanto contracts, the CROUSD product has a fixed Bitcoin multiplier, regardless of the CRO/USD price. This allows traders to long or short the CRO/USD exchange rate without ever touching CRO or USD.
Traders can post margin in XBT, and earn or lose in XBT as the CRO/USD rate changes. This quanto risk premium may be one of the factors that results in the CROUSD swap trading at a premium/discount to the CROUSD spot price.
For an explanation of the same concept, check out this blog post referencing ETHUSD.
Key contract details for our CRO listing:
- Symbol: CROUSD
- Margin currency: XBT
- Bitcoin Multiplier: 0.01 XBT (100,000 Satoshis)
- XBT Contract Value: CROUSD Price * Bitcoin Multiplier (100,000 Sat / 1 USD)
- Underlying: .BCRO
- 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 CROUSD perpetual contract here, or check out the full contract specs here in a few hours time.
CROUSDT Linear Contract Specs
CROUSDT is a linear perpetual swap, margined in USDT.
Key contract details for our CRO coin listing:
- Symbol: CROUSDT
- Margin currency: USDT
- Contract Size: 0.01 CRO
- Lot Size: 1000
- Minimum Trade Amount: 10 CRO
- Underlying: .BCROT
- 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 CROUSDT perpetual contract here, or check out the full contract specs here in a few hours time.
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In the meantime, if you have any questions please contact Support.
The post Now Live: CROUSD and CROUSDT Perpetual Swaps appeared first on BitMEX Blog.
