A new listing – RBNUSDT – featuring RBN, the Ribbon Finance token, will be available to trade on BitMEX later this week, with up to 10x leverage.
Trading is expected to commence on 5 March at 04:00 UTC. 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.
RBNUSDT Contract Specs
RBNUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Ribbon Finance token and trade it with leverage, without needing to have any RBN holdings.
Key contract details for our Ribbon Finance token listing:
- Symbol: RBNUSDT
- Margin Currency: USDT
- Contract Size: 1 RBN
- Lot Size: 10
- Minimum Trade Amount: 10 RBN
- Underlying: .BRBNT
- 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 the RBNUSDT perpetual contract here or refer to the full contract specs here.
About RBN, the Ribbon Finance Token
RBN is the native governance token of Ribbon Finance – the inventor of Theta Vaults (DOVs). Ribbon Finance is a suite of DeFi protocols that help users access crypto-structured products. It combines derivatives, lending, and a proprietary on-chain options exchange (Aevo), to be the one-stop solution for users who want to improve a portfolio’s risk-return profile.
Ribbon Finance has announced it will merge with Aevo in Q1 2024. They have also stated that RBN tokens will be convertible 1:1 into AEVO tokens following the merge.
For more information about the project, you may visit their website and read the whitepaper: https://www.ribbon.finance/.
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