What are Bitmex Perpetual Swaps: Advanced Crypto Trading Contracts?
For many crypto traders, Bitmex is the go-to place. In fact, it’s one of the fastest growing crypto trading platforms, capturing the interest of the most professional traders. There are several reasons for the popularity, but the following are the most outstanding:
The platform has high leverage
The presence of altcoin futures
No KYC conditions
For those who might not know, Future contracts is a document approved by law, which enables buyers and sellers to guess the upcoming value of the basic asset, in this case Bitcoin. Many new traders who believe strongly in a future price often utilize a lot of leverage. On Bitmex, Bitcoin (BTC) dominates the profits and losses that traders may incur. Initially, the futures price must match in value the basic spot price. If it fails to match the underlying spot price, then it doesn’t qualify for futures contracts.
About BitMEX: Trade Bitcoin and other cryptocurrencies with up to 100x leverage. Fast execution, low fees, Bitcoin futures and swaps.