Notice on the Official Launch COIN-M BTC/USDT(BIDZ) Perpetual Contract

Fellow Coinstorers,

Coinstore will officially launch the COIN-M BTC/USDT(BIDZ) perpetual contract at 22:00 on 1 September, 2024 (UTC+8), with up to 10x leverage.

More details on the BTC/USDT(BIDZ) Perpetual Contract can be found in the table below:

Risk limit:

Explanation:

• MMW (Maintenance Margin Rate): The minimum margin required to keep a position open.
• IMW (Initial Margin Rate): The initial margin required to open a position.
• IM-MM (Initial Margin - Maintenance Margin): The difference between the initial margin and the maintenance margin.
• Leverage: The ratio of the total exposure of a position to the margin required to open and maintain that position.

Index Components for COIN-M BTC/USDT(BIDZ):

• OKEx: 30%
• Binance: 40%
• Gate.io: 30%

Please note: 

Based on market risk conditions, Coinstore may adjust the specifications of the BTCUSDT(BIDZ)
Perpetual Contract from time to time, which include the maximum leverage, initial margin, and/or maintenance margin requirements.

Coinstore Team

29 August, 2024

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