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What is BitMEX?
BitMEX exchange is a digital asset derivatives trading platform that offers leverage and margin trading on Bitcoin and Ethereum, as well as other digital assets. The BitMEX exchange has been up and running since 2014 and is one of the most popular cryptocurrency exchanges in the world. You can find the latest Bitmex promo code, Bitmex referral code and the latest money-saving deals right here!
A user at BitMEX can trade a contract with up to 100x leverage on some contracts, which means that they are able to enter into a position worth up to 100 times the amount they invested initially. While leverage is an excellent tool for traders, it can also increase risk.
When a user places a margin trade on BitMEX, they must first put up collateral in the form of Bitcoin before they can place a margin trade. In order to increase the size of their position, they can borrow funds from the exchange, according to the loan-to-value ratio set by the exchange. The amount that can be borrowed is dependent on the loan-to-value ratio set by the exchange.
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As well as futures and options, BitMEX offers other types of derivative contracts. Futures contracts allow traders to speculate on the future price of assets without owning them. An option allows traders to purchase or sell an asset at a future price at a specified price.
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