Now Live: MERLUSD Perpetual Swap Listing with Up to 10x Leverage

April 19, 2024

A new perpetual contract listing – MERLUSD – featuring Merlin Chain – is now available to trade on BitMEX, with up to 10x leverage. MERLUSD Contract SpecsAs with all quanto contracts, the MERLUSD product has a fixed Bitcoin multiplier, regardless of the MERL/USD price. Traders can post margin in XBT, and earn or lose in XBT as the MERL/USD rate changes. This quanto risk premium may be one of the factors that results in the MERLUSD swap trading at a premium/discount to the MERLUSD spot price. MERL is the native token of Merlin Chain and is expected to launch spot trading on 19 April around 10:00 am UTC.

The source of this news is from BitMEX