BitMEX Lists ENAUSDT Perpetual Swap Contract with Up to 10x Leverage

BitMEX is listing ENAUSDT, a linear perpetual swap margined in USDT with up to 10x leverage. ENA is the governance token of Ethena, a synthetic dollar protocol built on Ethereum. ENAUSDT provides exposure to the Ethena token without requiring any ENA holdings. Trading commences on April 2, 2024, shortly after 12:00 UTC.

BitMEX Lists ENAUSDT Perpetual Swap Contract with Up to 10x Leverage

Singapore, April 2, 2024 - BitMEX, a leading cryptocurrency exchange, has announced the upcoming listing of ENAUSD, a perpetual swap contract for the governance token of Ethena (ENA). The contract will go live on April 2, 2024, at approximately 12:00 UTC, following the opening of spot markets.

Key Contract Specifications:

• Symbol: ENAUSDT
• Margin Currency: USDT
• Contract Size: 1 ENA
• Lot Size: 10 ENA
• Minimum Trade Amount: 10 ENA
• Underlying: .BENAT
• Max Leverage: 10x
• Maker Fee: -0.015%
• Taker Fee: 0.075%
• Base Initial Margin: 10.00%
• Base Maintenance Margin: 5.00%

Traders can access the ENAUSDT perpetual contract on BitMEX's trading platform.

About ENA, the Ethena Token:

Ethena is a synthetic dollar protocol built on Ethereum that aims to provide a decentralized alternative to traditional banking systems. Its synthetic dollar (USDe) is designed to be censorship-resistant, scalable, and stable, backed by staked Ethereum collateral.

ENA is the upcoming governance token of the Ethena project, allowing holders to participate in decision-making and shape the protocol's future development. For more information on Ethena, visit their website at https://www.ethena.fi/.

Benefits of Trading ENAUSDT on BitMEX:

• Leverage: ENAUSDT offers up to 10x leverage, allowing traders to amplify their potential profits.
• USDT Margin: The contract is margined in USDT, providing flexibility and leveraging opportunities for traders who prefer not to hold ENA.
• Liquidity: BitMEX is a high-volume exchange, ensuring ample liquidity for ENAUSDT trading.
• 24/7 Support: BitMEX provides 24/7 support to assist traders with any inquiries or issues.

Important Reminders:

• Cryptocurrency trading involves risk. Traders should exercise caution and research thoroughly before engaging in any trades.
• The information provided in this announcement does not constitute investment advice or a recommendation to trade.

For the latest news and updates, follow BitMEX on social media (Twitter, Discord, Telegram, LinkedIn, Instagram, and YouTube). You can also visit the BitMEX blog or contact support@bitmex.com for assistance.

About BitMEX:

BitMEX is a leading cryptocurrency exchange that offers spot, derivatives, and futures trading. Founded in 2014, the exchange has established a reputation for innovation and reliability, serving a global clientele of professional and retail traders.