Coming Soon: DYDXUSD Perpetual Swap Listing with Up to 10x Leverage

December 04, 2023

A new listing featuring – ethDYDX (dYdX) – the token of the dYdX – non-custodial decentralised cryptocurrency exchange , will be available to trade on BitMEX, and with up to 10x leverage from tomorrow. DYDXUSD Quanto Contract SpecsAs with all quanto contracts, the DYDXUSD product has a fixed Bitcoin multiplier, regardless of the DYDX/USD price. Traders can post margin in XBT, and earn or lose in XBT as the DYDX/USD rate changes. This quanto risk premium may be one of the factors that results in the DYDXUSD swap trading at a premium/discount to the DYDXUSD spot price. What Is DYDX (dYdX)?

The source of this news is from BitMEX