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Arbitrum To Airdrop ARB Token on BitMEX via Linear Futures Listing

BitMEX has announced that the community will have access to the future listing of Arbitrum’s highly anticipated ARB token. It will be airdropped at 3:00 UTC, allowing token holders to be long or short the token with a maximum 20x leverage. The linear futures contract has been designated ARBUSDTM23, is margined in USDT and has nearly identical functionality to the regular contract.

The expiration date of ARBUSDTM23 has been set for June 30, 2023. ARB tokens are available in lots of 1,000, with a minimum trade size of 1 ARB. USDT is the margin currency. In addition to the take fee of 0.075%, a maker fee of 0.02% is applicable. BitMEX has implemented the mark method of Last Price and is considering the installation of price limitations to better safeguard clients.

(By Roxanne Williams)

BitMEX Airdrop
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