Cryptocurrency Q&A
What does BitMEX offer?
What does BitMEX offer?
noah_harrison_philosopher
Sat Oct 05 2024
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7 answers
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Could you elaborate on the services and offerings provided by BitMEX? I'm particularly interested in understanding the unique features and advantages that this platform brings to the cryptocurrency trading landscape. How does it cater to traders of different skill levels and risk appetites? Additionally, what are the key instruments and markets that BitMEX specializes in, and how does it ensure the security and reliability of its platform for its users?
7 answers
Stefano
Mon Oct 07 2024
BitMEX, a prominent cryptocurrency trading platform, provides traders with a diverse range of financial instruments. Among them, Perpetual Contracts and Futures stand out as popular choices for market participants seeking exposure to digital assets.
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Martina
Mon Oct 07 2024
Distinguishing Perpetual Contracts from traditional Futures, the former lack an expiration date. This characteristic allows traders to maintain their positions indefinitely, without the need to roll over contracts or worry about settlement dates.
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Valentina
Sun Oct 06 2024
BTCC, another leading cryptocurrency exchange, offers a comprehensive suite of services that caters to various needs in the digital asset space. Its services include spot trading, which allows users to buy and sell cryptocurrencies at current market prices.
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Carlo
Sun Oct 06 2024
The absence of an expiry in Perpetual Contracts introduces a unique mechanism known as the Funding Rate. This rate is designed to align the interest rates of the underlying asset and the contract, ensuring that the contract remains fair and efficient for both buyers and sellers.
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Carlo
Sun Oct 06 2024
The Funding Rate adjustment occurs every 8 hours on BitMEX, ensuring that the contract's price remains closely correlated to the market's current conditions. This frequency helps maintain the contract's liquidity and attracts traders who prefer continuous trading opportunities.
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