Coming Soon: Bitcoin-Margined RNDR Listing

May 24, 2023

Today, RNDR will arrive at BitMEX via a new listing – RNDRUSD, with up to 50x leverage, making this new contract one of the highest max position sizes in the industry. RNDR is the utility token of The Render Network – a provider of decentralized GPU based rendering solutions. RNDRUSD Quanto Contract SpecsAs with all quanto contracts, the RNDRUSD product has a fixed Bitcoin multiplier, regardless of the RNDR/USD price. This allows traders to long or short the RNDR/USD exchange rate without ever touching RNDR or USD. Traders can post margin in XBT, and earn or lose in XBT as the RNDR/USD rate changes.

The source of this news is from BitMEX