Dear Users:
To broaden our derivatives offering and meet users’ diverse trading needs, BitTap will officially list the following USDT-margined perpetual futures (supporting both long and short positions) September 17, at 15:00 (UTC+8):
MERL/USDT Perpetual Futures
EIGEN/USDT Perpetual Futures
Launch Time (UTC+8)
Trading open (Trading): September 17 15:00 (UTC+8)
Futures Highlights
Contract type: USDT-margined perpetual futures
Trading pairs: MERL/USDT, EIGEN/USDT
Maximum leverage: up to 50× (see the contract details page for exact settings)
Supported directions: long / short (both directions supported)
Funding rate settlement frequency: every 8 hours (refer to the contract page)
Minimum order quantity & other parameters: see “Contract Specifications” and “Contract Details” on the futures trading page
Underlying index source: aggregated quotes from multiple major venues
Project Overview
Merlin Chain (MERL)
Merlin Chain is a Bitcoin-focused Layer-2 solution that combines ZK-Rollup, decentralized oracles, and fraud-proof modules to improve Bitcoin ecosystem scalability and on-chain application capabilities.
Token name: MERL
Total supply: 2,100,000,000 MERL
Current circulating supply: 978,950,000 MERL
Circulation rate: ≈ 46.62%
Current market cap: ≈ $190.7M USD
EigenLayer (EIGEN)
EigenLayer enables “restaking” to give staked Ethereum assets secondary security utility, supporting various Actively Validated Services (AVS) and building broader decentralized security and trust layers.
Token name: EIGEN
Total supply: 1,740,000,000 EIGEN (as shown)
Current circulating supply: 330,310,000 EIGEN
Circulation rate: ≈ 18.97%
Current market cap: ≈ $513.9M USD
Risk Reminder
Perpetual futures are highly leveraged, high-risk financial instruments; prices can be extremely volatile and may result in the loss of your entire principal. Please trade only after fully understanding the contract mechanics and associated risks. Manage position size and leverage prudently and use stop-loss / take-profit tools for risk control. The platform monitors for abnormal trading activity and reserves the right to take appropriate measures.
Quick Participation
Log in to the BitTap App or visit www.bittap.com
Go to Futures Trading, search for and select MERL / EIGEN perpetual futures
Choose leverage, set order parameters, and submit an order to open a position
For contract details or assistance, please submit an in-app ticket or contact customer service. Thank you for your support and trust in BitTap!
BitTap Team
September 16, 2025