Interdax is pleased to announce a continuously settled perpetual contract for Avalanche's AVAX token: AVAX-PERP-USDT.
AVAX-PERP-USDT is now available to trade with up to 100x leverage.
What is AVAX?
AVAX is the capped supply native token of Avalance, which launched its mainnet on September 21. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards.
Trading AVAX-PERP-USDT on Interdax
Interdax’s AVAX perpetual contract is margined and settled in USDT. The contract specs for AVAX-PERP-USDT can be found here.
The fee structure for AVAX-PERP-USDT is the same as our other perpetual contracts: maker fees are 0.00% while taker fees are 0.05%.
To trade the AVAX-PERP-USDT contract you will need to deposit USD Tether (USDT). Select USDT Perpetuals, then AVAX-PERP-USDT from the instrument panel. To deposit USDT, click on the ‘Deposit’ on the top right-hand side (shown below):
Once you’ve selected AVAX-PERP-USDT, the USDT balance will be displayed by the account panel on the top right-hand side.
After clicking on ‘Deposit’, your USDT address and deposit history will be shown. When sending USDT to Interdax, you’ll be able to trade the AVAX-PERP-USDT contract with up to 100x leverage once the transaction has 12 confirmations.
Spot Trading Coming Soon
Spot trading will be available on Interdax soon, starting with BTC-USDT and ETH-USDT.
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