Now Live: IPUSDT Perpetual Swap Listings With Up to 50x Leverage

A new perp listing for IP – IPUSDT – is now available to trade on BitMEX, with up to50xleverage.

Trading started here at12:00 UTCon13 Feb2025.

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.

IPUSDTContract Specs

IPUSDTis a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the IP token and trade it with leverage, without needing to have any IP holdings.

Key contract details for our IP token listing:

• Symbol:IPUSDT

• Margin Currency: USDT

• Contract Size: 0.01 IP

• Lot Size: 10

• Minimum Trade Amount: 0.1 IP

• Underlying:.BIPT

• Max Leverage: 50x

• Maker Fee: 0.05%

• Taker Fee: 0.05%

• Base Initial Margin: 2.00%

• Base Maintenance Margin: 1.00%

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

About IP, the Story Token

IP is the native token of Story, a Layer 1 blockchain designed to manage intellectual property (IP) on the internet. Story enables creators to register, license, and monetize their IP assets through a decentralized framework. The blockchain provides tools for IP registration, licensing, dispute resolution, and royalty distribution.

The IP token is used for transaction fees, staking, governance, and licensing IP assets. It also facilitates revenue-sharing and network security. Story has a total supply of 1 billion IP tokens, with 250 million in circulation at launch.

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