A new listing – INJUSDT – featuring INJ – the token of the Injective blockchain is now available to trade on BitMEX, and with up to 10x leverage.
You can trade the new contract here, or 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.
INJUSDT Contract Specs
INJUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Injective blockchain’s token and trade it with leverage, without needing to have any INJ holdings.
Key contract details for our INJ token listing:
- Symbol: INJUSDT
- Margin Currency: USDT
- Contract Size: 1 INJ
- Lot Size: 10
- Minimum Trade Amount: 10 INJ
- Underlying: .BINJT
- Max Leverage: 10x
- Maker Fee: -0.0175%
- Taker Fee: 0.075%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You will be able to trade the INJUSDT perpetual contract here, or refer to the full contract specs here.
What is INJ?
INJ is the native token of Injective – an interoperable layer-one blockchain that is being billed as being built for finance. In particular, next-generation DeFi applications, including but not limited to; decentralised exchanges, markets, lending protocols and more, for its ability to provide powerful core financial infrastructure primitives that applications can leverage.
Injective’s decentralised cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana. The current ecosystem includes 100+ projects and over 150,000 community members globally.
As well as trade with 10x leverage, users can now receive a rebate of 1.75bps when trading INJUSDT, with our Maker rebate on Tether – margined contracts.
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The post Now Live: INJUSDT Perpetual Swap Listing appeared first on BitMEX Blog.
