Coming Soon: Bitcoin- and Tether – Margined OP Listings

January 15, 2024

BitMEX users will soon be able to long or short OP via two new listings – OPUSD and OPUSDT. Through the arrival of the OP listings on BitMEX, users can enjoy up to 20x leverage and one of the highest max position sizes in the industry. OPUSD Quanto Contract SpecsAs with all quanto contracts, the OPUSD product has a fixed Bitcoin multiplier, regardless of the OP/USD price. This allows traders to long or short the OP/USD exchange rate without ever touching OP or USD. This allows users to gain exposure to the price of the OP token and trade it with leverage, without needing to have OP holdings.

The source of this news is from BitMEX