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

December 06, 2023

A new listing featuring – FTM – the token of Fantom – a layer one smart contract platform, will be available to trade on BitMEX, and with up to 10x leverage from tomorrow. FTMUSD Quanto Contract SpecsAs with all quanto contracts, the FTMUSD product has a fixed Bitcoin multiplier, regardless of the FTM/USD price. This allows traders to long or short the FTM/USD exchange rate without ever touching FTM or USD. Traders can post margin in XBT, and earn or lose in XBT as the FTM/USD rate changes. This quanto risk premium may be one of the factors that results in the FTMUSD swap trading at a premium/discount to the FTMUSD spot price.

The source of this news is from BitMEX