BitMEX is expanding its product offerings this March by introducing six new altcoin/USDT dual-currency perpetual contracts, featuring some of the most popular cryptocurrencies in the market. These contracts provide traders with opportunities to speculate on price movements without directly holding the underlying assets.
Newly Listed Altcoin Contracts
The following altcoins will be available as perpetual swaps on BitMEX:
- Cardano (ADA)
- Polkadot (DOT)
- EOS
- yearn.finance (YFI)
- Uniswap (UNI)
- Stellar (XLM)
Rollout Schedule
The contracts will be launched in batches throughout March:
- March 3 (12:00 UTC): DOT and UNI
- March 10: Two additional contracts
- March 17: Remaining two contracts
👉 Start trading on BitMEX today and take advantage of top-tier liquidity and security.
Key Features of Dual-Currency Perpetual Contracts
- Fixed Bitcoin Multiplier: Regardless of USDT/altcoin price fluctuations, these contracts maintain a stable XBT multiplier.
- XBT Margin: Traders use Bitcoin (XBT) as collateral, with profits/losses settled in XBT.
- Risk Premium Factor: Swap prices may trade at a premium/discount to spot due to dual-currency risk dynamics.
For a deeper understanding, read our analysis on ETHUSD swap pricing.
Testnet Availability
DOT and UNI contracts are currently tradable on BitMEX Testnet:
Platform Timeline:
| Contract | Testnet Live | Platform Preview (Non-listed) | Trading Start (UTC) |
|----------------|-------------|-------------------------------|---------------------|
| DOTUSDT | Available | March 2, 12:00 | March 3, 12:00 |
| UNIUSDT | Available | March 2, 12:00 | March 3, 12:00 |
👉 Download the BitMEX Mobile App for trading on the go across 140+ countries.
FAQ Section
Q: Can I trade these contracts with USDT directly?
A: No, margins are in XBT, but profits/losses are calculated based on USDT/altcoin price movements.
Q: Why is there a risk premium in dual-currency swaps?
A: The premium/discount reflects market expectations and hedging demand between XBT and the altcoin.
Q: Are there fees for holding positions overnight?
A: Yes, perpetual contracts incur funding fees exchanged between long and short positions.
Q: How does BitMEX ensure platform security?
A: BitMEX employs multi-signature cold wallets, DDoS protection, and regular security audits.
For further assistance, contact BitMEX Support.
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