[BitMEX] Tether Deposits Now Live on BitMEX

Get Rewarded for Depositing USDT Ahead of 10 November Trading Date

BitMEX is no longer a Bitcoin-only platform. Better late than never, we’re adding Tether. 

We’re now accepting Tether (ERC20-USDT) deposits ahead of the launch of our USDT-margined contracts on 10 November at 04:00 UTC. We’ll be listing nine contracts: seven linear perpetual swaps on XBT, ETH, XRP, LTC, BCH, DOGE, and SOL and two linear futures contracts on XBT and ETH.

When trading kicks off, all USDT-margined contracts will be free to trade for 30 days (through 9 December). That’s right – zero fees for everyone.

And to incentivise early deposits, the first 8000 users to deposit before 10 November and make a trade during the zero fees period will receive a USDT 50 bonus. Just maintain a minimum balance of over USDT 250 in your account through 9 December to be eligible. 

We’re also rewarding some of our early depositors, users, and referrers with personalised AC Milan/BitMEX kits and limited-edition NFTs. Referrers will also like a new incentive we’re rolling out just for them – a USDT 1500 payout for hitting USDT 15 million in volume across their referrals during the campaign period. 

More details are available here, and a deposit guide can be found here

The Bottom Line

BitMEX just changed for the better. And this is by no means the end of the big improvements we’re making for our users under our Beyond Derivatives strategy. We’re putting our traders at the heart of everything we do, and we’re very excited to make more user-friendly changes in the weeks and months ahead. 

Finer Details

Here are some very important details to keep in mind: 

  • We’re using Tether issued on the Ethereum network, otherwise known as ERC20-USDT. Do not send Tether issued on the Tron network (TRC20-USDT) or any others like BSC or ERC20 coins other than USDT. We won’t be able to recover it. We’ll include reminders on the deposit page, but this is worth emphasising here too. 
  • This means BitMEX will have some contracts margined in Bitcoin and others margined in USDT. Margining across the two coins isn’t available now, but we hear you loud and clear – it will be introduced in 2022. 
  • We’re moving from an insurance fund only denominated in Bitcoin to dual insurance funds covering Bitcoin and Tether. This will entail occasional transfers between the two, so don’t be alarmed. We still have one of the largest – if not the largest – insurance fund in the industry.

Perpetual Contracts

Symbol

XBTUSDT

ETHUSDT

XRPUSDT

BCHUSDT

LTCUSDT

DOGEUSDT

SOLUSDT

Minimum Trade Amount

0.001 XBT

0.01 ETH

10 XRP

0.01 BCH

0.1 LTC

10 DOGE

0.1 SOL

Contract Size

0.000001 XBT

0.00001 ETH

0.01 XRP

0.00001 BCH

0.0001 LTC

0.01 DOGE

0.0001 SOL

Underlying

.BXBTT

.BETHT

.BXRPT

.BBCHT

.BLTCT

.BDOGET

.BSOLT

Max Leverage

100x

50x

33x

33x

33x

33x

33x

Taker Fee before 0 UTC 10 Dec

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

Maker Fee before 0 UTC 10 Dec

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

Taker Fee after 0 UTC 10 Dec

0.05%

0.05%

0.05%

0.05%

0.05%

0.05%

0.05%

Maker Fee after 0 UTC 10 Dec

-0.01%

-0.01%

-0.01%

-0.01%

-0.01%

-0.01%

-0.01%

Base Initial Margin

1.00%

2.00%

3.00%

3.00%

3.00%

3.00%

3.00%

Base Maintenance Margin

0.50%

1.00%

1.50%

1.50%

1.50%

1.50%

1.50%

Futures Contracts

Symbol

XBTUSDTZ21

ETHUSDTZ21

Expiry

31 Dec 2021

31 Dec 2021

Minimum Trade Amount

0.001 XBT

0.01 ETH

Contract Size

0.000001 XBT

0.00001 ETH

Underlying

.BXBTT

.BETHT

Max Leverage

100x

50x

Taker Fee before 0 UTC 10 Dec

0.00%

0.00%

Maker Fee before 0 UTC 10 Dec

0.00%

0.00%

Taker Fee after 0 UTC 10 Dec

0.05%

0.05%

Maker Fee after 0 UTC 10 Dec

-0.01%

-0.01%

Base Initial Margin

1.00%

2.00%

Base Maintenance Margin

0.50%

1.00%

>> View on BitMEX

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