BitMEX, the world’s leading crypto derivatives exchange, announces the launch of Margin+, an exclusive programme designed for advanced traders seeking enhanced collateral and increased trading capacity. The latest feature responds to the growing demand from professional traders aiming to take advantage of the bullish market sentiment, empowering them to expand their positions without the need to bolster the account with extra capital.
Margin+ is a unique programme offering extra Tether (USDT) or Bitcoin as collateral, to help BitMEX’s top traders execute larger positions and orders without the need for additional capital in order to seize opportunities to reap more profits on the BitMEX platform. Margin+ is most suitable for non-directional traders whose strategies involve taking larger positions or placing more frequent trades to grow their PnL.
Some eligible participants have received invitations to join, and further applications for the programme will be subject to BitMEX approval.
Stephan Lutz, CEO & Group CFO of BitMEX, said, “As we step into the first month of 2024, the crypto industry has experienced significant excitement with the approval of the spot Bitcoin ETF, sparking enthusiasm in the market. At BitMEX, we’re seizing the momentum by introducing the Margin+ programme, a strategic move aimed at empowering our traders to leverage these opportunities and amplify their profitability. This feature aligns with our vision of furnishing advanced tools that empower traders to navigate the dynamic cryptocurrency market with success.”
Traders opting for Margin+ are required to meet specific trading obligations to ensure responsible trading practices, prevent margin calls, and safeguard against liquidation. The obligations include maintaining a minimum balance and adhering to Maintenance Margin Ratio (MMR) standards. The minimum balance requirement is set at 30% of the Margin+ collateral value, falling below 125% of the collateral value triggers a margin call, whilst dropping below 110% results in liquidation.
The Maintenance Margin Ratio (MMR) ensures that traders maintain a healthy balance between available funds and the maintenance margin requirement. Traders need an MMR of 12 or above to proceed with the drawdown. A drop below 10 for over 12 hours or below 5 leads to a margin call or immediate liquidation.
BitMEX is committed to staying ahead of market movements by constantly evolving cutting-edge tools and features for professional traders. In 2023, BitMEX launched over 70 derivatives contracts including pre-IEO listings, alongside new pro trading platform features including PnL realisation, Chart Trading, Sub Accounts, and Guilds, a social trading feature that incentivises users to collaborate and compete in weekly competitions to becoming even better traders.
BitMEX stands as a globally leading exchange for crypto derivatives, offering traders a professional-grade trading platform. Since its inception in 2014, BitMEX has maintained an impeccable security record with “no coin lost, ever!”.
Our platform caters to cryptocurrency derivatives traders by providing low latency, deep liquidity, and maximum availability. Currently, BitMEX offers more than 100 derivatives contracts, 11 pairs for spot trading, and an easy convert function between 30 different cryptocurrencies.
In 2015, BitMEX revolutionised the market by inventing the Perpetual Swap, which has since become the most widely traded crypto product. Demonstrating a commitment to transparency, since 2021, BitMEX has been among the first exchanges to regularly publish its on-chain Proof of Reserves and Proof of Liabilities, ensuring that the funds available exceed the total client balances.”
For more information on BitMEX, company initiatives, product listings, launches and competitions, please visit the BitMEX Blog or www.bitmex.com, and follow Discord, Telegram and Twitter.