New List Features – FTM – Tokens from Fantom, a layer 1 smart contract platform, can be traded on BitMEX with up to 10x leverage starting tomorrow. Read on to learn more about the latest listings.
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FTMUSD Quanto Contract Specifications
Like all quanto contracts, the FTMUSD product has a fixed Bitcoin multiplier regardless of the FTM/USD price. This allows traders to go long or short the FTM/USD exchange rate without touching the FTM or USD.
Traders can post margin on XBT and profit or lose on XBT as the FTM/USD exchange rate changes.
This quanto risk premium may be one of the factors that results in FTMUSD swap trading at a premium/discount to the FTMUSD spot price.
Key contract details for FTM token listing:
- Symbol: FTMUSD
- Margin currency: XBT
- Bitcoin Multiplier: 0.0001 XBT (10,000 Satoshi)
- XBT Contract Value: FTM USDPrice * Bitcoin Multiplier (10,000 Sat / 1 USD)
- Default: .BFTM
- Maximum leverage: 10x
- Risk limit: 50 XBT
- Maker Fee: 0.02%
- Taker fee: 0.075%
- Default initial margin: 10.00%
- Default maintenance margin: 5.00%
You can trade. FTM USD permanent contract hereOr see full contract specifications. here.
Introducing (FTM) – Phantom Token
FTM is Fantom’s own token, Directed Acyclic Graph (afternoon) Smart contract platform providing decentralized finance (DeFi) We provide services to developers using our own customized consensus algorithm. Fantom aims to solve the problems associated with smart contract platforms, especially transaction speed. It was created as an alternative to this. Ethereum. Fantom’s goal is to overcome the limitations of previous generations of blockchains and balance three components: scalability, security, and decentralization.
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