Now Live: LOOMUSDT Perpetual Swap Listing

Our new LOOM listing – LOOMUSDT –  has arrived on BitMEX, and is now available to trade with up to 10x leverage.

For the lowdown on this new LOOM listing, read on.

If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users- you can register here.

LOOMUSDT Contract Specs

LOOMUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Loom Network token and trade it with leverage, without needing to have LOOM holdings.

Key contract details for our LOOMUSDT token listing:

• Symbol: LOOMUSDT

• Margin Currency: USDT

• Contract Size: 1 LOOM

• Lot Size: 10

• Minimum Trade Amount: 10 LOOM

• Underlying: .BLOOMT

• Max Leverage: 10x

• Risk limit: 20,000 USDT

• Maker Fee: -0.0175%

• Taker Fee: 0.075%

• Base Initial Margin: 10.00%

• Base Maintenance Margin: 5.00%

You can trade the LOOMUSDT perpetual contract here, or refer to the full contract specs here.

Additionally, with our Maker rebates for Tether - margined contracts, users can now receive a rebate of 1.75bps when trading LOOMUSDT.

What is Loom Network?

LOOM is the native token of the Loom Network – a platform as a service built on the Ethereum blockchain, to allow developers to run large-scale decentralized applications. Loom attempts to be the ultimate platform that allows smart contract developers to build applications without needing to switch to different programming languages.

Further details of the Loom Network project can be found here.

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In the meantime, if you have any questions please contact Support who are available 24/7.