Crypto derivatives exchange BitMEX launched a USDT-margined Arbitrum (ARB) futures today, ahead of the highly-anticipated Arbitrum airdrop scheduled on March 23. The Arbitrum Foundation announced that its governance token ARB will make Arbitrum transition into the decentralized autonomous organization model, allowing ARB holders to vote on key decisions of Arbitrum One and Arbitrum Nova.
According to an official blog on March 20, BitMEX has launched the new USDT-margined Arbitrum (ARB) futures contract called ARBUSDTM23. Users can gain exposure to the highly anticipated Arbitrum (ARB) token through this futures contract from March 20 at 03:00 UTC.
BitMEX took to Twitter to announce that its new Arbitrum (ARB) futures listing is live and users can now long or short ARB-USDT, with up to 20x leverage. The price is trading near $1.3 at the time of writing. Meanwhile, the crypto community is speculating about the ARB listing price on crypto exchanges after the airdrop.
According to BitMEX, the ARBUSDTM23 works similarly to a regular futures contract but has some key differences. The differences between the ARB futures listing and other futures contracts include the mark method is set as the last price, hourly limit up and limit down at 20% of mark price, and auto deleveraging.
Crypto Exchanges Announcing Arbitrum (ARB) Listing
While Crypto Twitter speculated about the possible listing price of the ARB token, several crypto exchanges have already started announcing Arbitrum token listing.
Several exchanges including Huobi Global, MEXC Global, Bitrue, Bybit, CoinW Exchange, Biconomy, and others have already announced listing. Meanwhile, the community awaits the listing of ARB on Binance and Coinbase.
Today, Poloniex Exchange and other top exchanges are announcing listing of the most-anticipated ARB token. According to Arbitrum website, 12.75% of the $ARB token supply will be airdropped on 23 March 2023, with 11.62% allocated to users and 1.13% to DAOs. The initial supply of $ARB token is 10 billion.
Also Read: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason
The post Arbitrum Futures Trading Is Live On BitMEX, Hints At $ARB Listing Price? appeared first on CoinGape.
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