BitMEX Boosts Capital Efficiency: 60% Haircut Reduction, Adds SOL Margin
1min read BitMEX, a leading crypto derivatives exchange, has announced significant enhancements to its Multi Asset Margining feature. The platform has reduced haircuts by 60% and added sol (Solana) as a margin currency, providing users with greater flexibility and capital efficiency.
The updates come after BitMEX launched Multi Asset Margining in January, aiming to offer users better simplicity and capital efficiency when trading derivatives contracts. With the recent update, BitMEX now supports USDT, USDC, BTC, ETH, and SOL as collateral, with one of the lowest haircut rates available in the market.
Stephan Lutz, CEO of BitMEX, commented on the updates, "At BitMEX, we are committed to constantly improving our platform to enhance the trading experience for our users. Building on the launch of Multi Asset Margining earlier this year, we’re taking it a step further by significantly reducing haircuts and expanding our collateral options with SOL. This update is part of our ongoing efforts to provide greater capital efficiency and flexibility, empowering traders with more optimized trading solutions."
BitMEX's Multi Asset Margining system automatically allocates a user's funds to meet the margin requirements of their positions in the most efficient way possible. Users can switch their account's margin mode to 'Multi Asset Margining' on the order form of the trading page to get started. For more detailed instructions, users can visit the BitMEX website.
BitMEX is the original crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity, and unmatched reliability. Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. BitMEX was also one of the first exchanges to publish its on-chain Proof of Reserves and Proof of Liabilities data, proving assurance that they safely store and segregate the funds they are entrusted with.
