BitMEX go list POPCATUSDT Perpetual Swap with up to 10x leverage
BitMEX go launch new listing for POPCATUSDT, one Solana-based meme coin, as perpetual swap contract wey fit carry up to 10x leverage. Di trading go start for 04:00 UTC on 24th July 2024. Dis line perpetual swap wey dem margined in USDT go allow traders to get exposure to POPCAT token price without dem holding di actual token. Key details include symbol of POPCATUSDT, contract size of 1 POPCAT, and maker and taker fees of -0.015% and 0.075%, respectively. Di initial margin dey set for 10%, with maintenance margin of 5%.
Neutral
Di listing wey POPCATUSDT get for BitMEX dey represent new trading opportunity, especially for pipo wey dey interested for meme coins. But e no go likely cause significant market shift because e get niche appeal and di token dey relatively new. Similar past events don show say as new listing fit generate short-term interest and volatility, di long-term impact dey usually depend on broader market trends and di coin performance.