BitMEX Introduces Margin+ Program to Empower Advanced Crypto Traders

Highlights of the BitMEX Margin+ Program

• Empowering Advanced Traders: BitMEX’s Margin+ program is tailored for advanced cryptocurrency traders looking to strengthen collateral and increase trading capacity. By providing additional Tether (USDT) or Bitcoin as collateral, these traders can execute larger positions and orders without committing additional capital.
• Seize the market opportunity: The launch of Margin+ comes at a time when cryptocurrency market sentiment remains bullish due to the approval of a spot Bitcoin ETF. BitMEX aims to utilize this feature to help traders capitalize on these opportunities and maximize profitability.
• Responsible Trading Practices: Traders who choose Margin+ must adhere to certain trading obligations to ensure responsible practices and mitigate risk. These obligations include maintaining a minimum balance and meeting Maintenance Margin Ratio (MMR) standards. Falling below a specified threshold can result in a margin call or liquidation, highlighting the importance of risk management.
• BitMEX’s continuous innovation: BitMEX’s commitment to staying ahead of market trends and providing advanced tools for professional traders is highlighted with the introduction of the Margin+ program. The exchange has a track record of innovation, including launching numerous derivatives contracts and enhanced trading features in 2023 to meet the evolving needs of its user base.

As a strategic move to meet the needs of professional traders in the ever-evolving cryptocurrency market, bitmexThe world’s leading cryptocurrency derivatives exchange has unveiled its Margin+ program. Designed exclusively for advanced traders, This innovative feature provides improved collateral and increased trading capacity, allowing traders to expand their positions without committing additional capital. This launch comes at a time when market sentiment remains optimistic. Spot Bitcoin ​​ETF ApprovedIt offers traders a unique opportunity to capture momentum and maximize profitability.

What is the BitMEX Margin+ Program?

Margin+ stands out as a unique program that gives traders the option to use additional Tether (USDT) or Bitcoin as collateral. This additional collateral allows BitMEX’s top traders to execute larger positions and orders, allowing them to take advantage of market opportunities without having to put additional capital into their accounts. This move is especially useful for non-directional traders whose strategies do not rely on highly leveraged positions.

Stephan Lutz, CEO and Group CFO of BitMEX Highlighting the importance of the Margin+ program, “As we enter the first months of 2024, the cryptocurrency industry has experienced significant excitement with the approval of the Bitcoin Spot ETF, creating enthusiasm in the market. “At BitMEX, we are gaining momentum with the introduction of our Margin+ program, a strategic move to help traders capitalize on these opportunities and expand their profitability.”

“This feature is consistent with our vision to provide advanced tools to help traders successfully navigate the dynamic cryptocurrency markets,” added Stephan Lutz.

However, it is important to note that traders who choose Margin+ must adhere to certain trading obligations to ensure responsible trading practices, prevent margin calls and protect against liquidation. These obligations include maintaining a minimum balance and adhering to Maintenance Margin Ratio (MMR) standards.

The minimum balance requirement is set at 30% of margin + collateral value. A margin call occurs when the collateral value falls below 125%, and liquidation occurs when the collateral value falls below 110%.

Maintenance Margin Rate (MMR) is a key component of BitMEX’s risk management strategy, ensuring traders maintain a healthy balance between available funds and maintenance margin requirements. To proceed with a fund withdrawal, traders must maintain their MMR above 12. A drop below 10 or below 5 within 12 hours will result in a margin call or immediate liquidation.

BitMEX’s commitment to innovation and providing advanced tools for professional traders is evident in its track record. In 2023, the exchange launched more than 70 derivatives contracts, including pre-IEO listings, and introduced new features to its pro trading platform. These features include Take Profit and Loss, chart trading, sub-accounts, and Guilds, a social trading feature that encourages users to collaborate and compete in weekly competitions to further enhance their trading skills.

BitMEX’s Margin+ The program will empower advanced traders in the cryptocurrency space, allowing them to navigate the markets with increased flexibility and confidence. As the cryptocurrency industry continues to evolve, BitMEX’s commitment to staying at the forefront of market movements remains unwavering, providing traders with the tools and features they need to succeed in this dynamic environment.

Also read: Why is Bitcoin price still expected to record exponential growth?