Now Live: Bitcoin- and Tether – Margined BONE Listings

September 01, 2023

As of 30 August at 04:00 UTC, BitMEX users can long or short BONE via two new listings – BONEUSD and BONEUSDT. BONE is the governance token of the ShibaSwap decentralized exchange, an application built on the Shibchain. The arrival of the new BONE listings on BitMEX means users can now enjoy up to 5x leverage and one of the highest max position sizes in the industry. BONEUSD Quanto Contract SpecsAs with all quanto contracts, the BONEUSD product has a fixed Bitcoin multiplier, regardless of the BONE/USD price. This allows users to gain exposure to the price of the BONE token and trade it with leverage, without needing to have BONE holdings.

The source of this news is from BitMEX