Exciting news! We’re delighted to announce the addition of two new Perpetual Contracts: SOLUSDT-P and KSMUSDT-P, to our listings.
With the inclusion of these pairs, crypto traders can now engage in speculative trading of Solana (SOL) and Kusama (KSM) using Tether (USDT) as their margin. This presents an exciting opportunity to take advantage of market fluctuations and potentially earn a profit.
To obtain a comprehensive summary of the SOLUSDT- P perpetual swap contract listing, please refer to the information below.
Symbol: SOLUSDT-P
Current Market Cap: $9,849,734,297 (as of 21 February 2023)
Current Circulating Supply: 378,121,977 SOL (as of 21 February 2023)
Max Circulating Supply: N/A
Margin currency: USDT
USDT Contract Value
Max Leverage: 50x
Contract Specifications:
Base Initial Margin: 2%
Base Maintenance Margin: 1%
Tick Size: 0.001
Min Order Quantity: 0.1 SOL
What is Solana (SOL)?
Solana is a layer 1 blockchain that runs on the Proof of Stake and Proof of History consensus protocol. It is one of the few layer-1 blockchain protocols to have received greater adoption and community attention. The high transaction speed per second makes it stand out from other blockchain platforms.
To obtain a comprehensive summary of the KSMUSDT-P perpetual swap contract listing, please refer to the information below.
Symbol: KSMUSDT-P
Current Spot Market Cap: $383,934,693 (as of 21 February 2023)
Current Spot Circulating Supply: 8,470,098 KSM (as of 21 February 2023)
Max Circulating Supply: N/A
Margin currency: USDT
USDT Contract Value
Max Leverage: 50x
Contract Specifications:
Base Initial Margin: 2%
Base Maintenance Margin: 1%
Tick Size: 0.01
Min Order Quantity: 0.1 KSM
What is Kusama (KSM)?
Kusama is a blockchain protocol built using Polkadot’s substrate framework. It acts as a canary network for Polkadot. The platform is crucial for substrate developers as it acts as a test environment for developers to run their codebase before deploying it onto Polkadot.
Further information:
- What is a Perpetual Contract? How to Read Contract Symbols on Bitflex?
- How Do I Trade Perpetual Contract on Bitflex?
- What is Leverage? How Much Leverage Does Bitflex Offer?
- What is Funding Fee? How to Access Real-Time and Historical Funding Rates?
- What is Dual Price Mechanism and How Does It Work?
- What are Trading Fees? (Maker Fee, Taker Fee, etc.)
- What are Market Orders, Limit Orders, and Conditional Orders, and How to Place Them
About Bitflex
BITFLEX is a cryptocurrency exchange platform that offers traders a secure, easy-to-use, and convenient way to buy, sell and trade cryptocurrencies. Our platform has been designed with investors of all levels in mind, whether they are just starting out or experienced traders. We offer various features and tools to help users make the best trading decisions possible, including advanced charting and analytics, real-time market data, and various customisable trading interfaces. At BITFLEX, we are dedicated to empowering our users and helping them reach their financial goals.
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