Now Live: ZKUSDT Perpetual Swap Listing with Up to 10x Leverage

A new listing -ZKUSDT- the native token of zkSync, is now available to trade on BitMEX, with up to10xleverage.

Trading started here at12:00 UTC, shortly after spot markets have opened on 17 June 2024.

For the lowdown on the latest 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.

You can already trade zkSync via a linear futures listing ZKUSDTZ24 - it’s margined in Tether and with up to 2x leverage.

ZKUSDT Contract Specs

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

Key contract details for our ZK token listing:

• Symbol:ZKUSDT

• Margin Currency: USDT

• Contract Size: 1 ZK

• Lot Size: 10

• Minimum Trade Amount: 10 ZK

• Underlying: .BZKT

• Max Leverage: 10x

• Maker Fee: -0.015%

• Taker Fee: 0.075%

• Base Initial Margin: 10.00%

• Base Maintenance Margin: 5.00%

You will be able to trade theZKperpetual contract here, or refer to the full contract specs here.

About ZK, the zkSync Token

zkSync is a Layer-2 protocol that scales Ethereum with cutting-edge ZK tech. Their mission is to not only increase Ethereum’s throughput but to fully preserve its foundational values – freedom, self-sovereignty, decentralization – at scale.

ZK is the native token of zkSync which is expected to launch on 17 June 2024.

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