Now Live: Bitcoin- and Tether-Margined FTT Listings

FTT has been getting some attention this week.From 12:00 UTC today, BitMEX users can trade FTT via our FTTUSD and FTTUSDT listings - with up to 50x leverage.

If you haven’t yet signed up for a BitMEX account, you can do so here. Currently, new users can receive up to 80 BMEX Tokens.

FTTUSD Quanto Contract Specs

As with allquanto contracts, the FTTUSD product has a fixed Bitcoin multiplier, regardless of the FTT/USD price. This allows traders to long or short the FTT/USD exchange rate without ever touching FTT or USD.

Traders can post margin in XBT, and earn or lose in XBT as the FTT/USD rate changes. This quanto risk premium may be one of the factors that results in the FTTUSD swap trading at a premium/discount to the FTTUSD spot price.

For an explanation of the same concept for ETHUSD, check out this blog post.

Key contract details for our FTT listing:

• Symbol: FTTUSD

• Margin currency: XBT

• Bitcoin Multiplier: 0.000001 XBT (100 Satoshis)

• XBT Contract Value: FTTUSD Price * Bitcoin Multiplier (100 Sat / 1 USD)

• Underlying: .BFTT

• Max Leverage: 50x

• Maker Fee: -0.01%

• Taker Fee: 0.075%

• Base Initial Margin: 2.00%

• Base Maintenance Margin: 1.00%

You can start trading the FTTUSD perpetual contract here, or check out the fullcontract specs here.

FTTUSDT Linear Contract Specs

FTTUSDT is a linear perpetual swap, margined in USDT. Key contract details for our FTT listing:

• Symbol: FTTUSDT

• Margin currency: USDT

• Contract Size: 0.001 FTT

• Lot Size: 100

• Minimum Trade Amount: 0.1 FTT

• Underlying: .BFTTT

• Max Leverage: 33.33x

• Maker Fee: -0.01%

• Taker Fee: 0.075%

• Base Initial Margin: 3.00%

• Base Maintenance Margin: 1.50%

You can start trading the FTTUSDT perpetual contract here, or check out the fullcontract specs here. To be the first to know about our new listings, product launches, and giveaways, you can connect with us on Discord, Telegram, and Twitter. We encourage you to also check our blog regularly.

In the meantime, if you have any questions please contact Support.