Coming Soon: XAUtUSD Perpetual Swap Listing with Up to 25x Leverage

April 17, 2024

A new perpetual contract – XAUtUSD – featuring XAUt (Tether Gold), will be available to trade on BitMEX tomorrow, with up to 25x leverage. XAUtUSD Contract SpecsAs with all quanto contracts, the XAUtUSD product has a fixed Bitcoin multiplier, regardless of the XAUt/USD price. Traders can post margin in XBT, and earn or lose in XBT as the XAUt/USD rate changes. This quanto risk premium may be one of the factors that results in the XAUtUSD swap trading at a premium/discount to the XAUtUSD spot price. About XAUt, the Tether Gold TokenTether Gold (XAUt) is a digital asset backed by physical gold, offering a blockchain-based way to buy, hold, and transfer gold ownership.

The source of this news is from BitMEX