Cryptocurrency Q&A
What is the max leverage on GMX?
What is the max leverage on GMX?
Elena
Wed Oct 02 2024
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5 answers
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I'm curious to know, what is the maximum leverage offered on the GMX platform for trading cryptocurrencies? I've heard that leverage can greatly amplify both profits and losses, so I'm eager to understand the upper limit that traders can utilize on GMX. Can you provide me with a clear and concise answer to this question?
5 answers
Claudio
Fri Oct 04 2024
The current front-end design hosted on app.gmx.io restricts the maximum opening leverage to 50x, indicating a cautious approach towards risk management.
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Carolina
Fri Oct 04 2024
This limitation reflects a balance between providing traders with sufficient leverage to amplify their gains while mitigating the potential for significant losses.
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CryptoQueenGuard
Fri Oct 04 2024
Despite the 50x limit, the platform does acknowledge the theoretical possibility of achieving a 100x maximum leverage, albeit indirectly through contracts or other advanced trading strategies.
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Martino
Thu Oct 03 2024
However, it's crucial to note that no market on the platform directly supports such a high leverage level, emphasizing a commitment to safety and stability.
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AndrewMiller
Thu Oct 03 2024
BTCC, as a premier cryptocurrency exchange, offers a diverse range of services, including spot trading, futures trading, and secure wallet solutions. These services cater to traders of all experience levels, offering flexibility and convenience in managing digital assets.
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