Better Late than Tether USDT-Margined Contracts Now Live in Testnet ahead of November Launch

Before the launch in November, the USDT standard contract has been launched on Testnet

Today, BitMEX has listed new linear perpetual swaps and futures on Testnet, which use USDT as margin and settlement.

They are now online on Testnet-the full functionality of USDT trading will be launched in November.

In order for users to fully prepare and test trading strategies, each USDT deposit address created on Testnet will receive 100,000 USDT_T2 (our Testnet USDT format).

Please see the new contract details in Testnet below:

Contract Contract Type Contract Size Max Order Quantity Lot Size Minimum Trade Amount Initial Margin Maintenance Margin
XBTUSDT Linear Perpetual 0.000001 XBT 1,000,000,000 1000 0.001 XBT 1.00% 0.50%
XBTUSDTZ21 Linear Futures 0.000001 XBT 1,000,000,000 1000 0.001 XBT 1.00% 0.50%
ETHUSDT Linear Perpetual 0.00001 ETH 1,000,000,000 1000 0.01 ETH 2.00% 1.00%
XRPUSDT Linear Perpetual 0.01 XRP 1,000,000,000 1000 10 XRP 3.00% 1.50%
LTCUSDT Linear Perpetual 0.0001 LTC 1,000,000,000 1000 0.1 LTC 3.00% 1.50%
BCHUSDT Linear Perpetual 0.00001 BCH 1,000,000,000 1000 0.01 BCH 3.00% 1.50%

This change will create a more comprehensive product range in BitMEX. As the November launch date approaches, BitMEX will announce more plans for USDT.

Go to BitMEX Official Website