AVAXUSD Dual Currency Perpetual Contract – Now available on BitMEX

Do you have fresh powder snow? You better hope to have it, because the AVAX (Avalanche Agreement) perpetual swap contract is now listed on BitMEX.

The AVAXUSD perpetual swap contract supports up to 20 times leverage. It was launched at 12:00 GMT+8 on September 29 (04:00 UTC) and can now be traded on BitMEX.

With excellent platform performance , top-level liquidity and security, now is the perfect time to use BitMEX, click here to register for an account. Users can also trade on the go through the BitMEX mobile terminal .

This summer, BitMEX has been launching new products non-stop. For the latest news, please visit BitMEX’s blog, follow BitMEX on Twitter , or join BitMEX’s Telegram channel.

As with all dual currency contracts, regardless of the price of USD/AVAX, AVAXUSD products will have a fixed Bitcoin multiplier. This allows traders to go long or short the AVAX/USD exchange rate without having to hold AVAX or USD.

Traders use XBT as margin and earn or lose XBT as the AVAX/USD exchange rate changes. This dual currency risk premium may be one of the factors leading to the premium/discount of AVAXUSD swaps relative to the AVAXUSD spot price — please refer to BitMEX’s blog post explaining the same concept of ETHUSD.

Key contract details:

Symbol: AVAXUSD
Bitcoin Multiplier: 0.00001 XBT (1,000 Satoshis)
XBT Contract Value: AVAXUSD Price * Bitcoin Multiplier (1,000 Sat / 1 USD)
Underlying: .BAVAX
Max Leverage: 20x
Maker Fee: -0.01%
Taker Fee: 0.05%
Base Initial Margin: 5.00%
Base Maintenance Margin: 2.50%

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