Can I cancel a contract on BitMEX before it expires?

3 answers

• spear a seaAug 09, 2024 · a year ago
  No, once a contract is opened on BitMEX, it cannot be canceled before it expires. BitMEX operates on a perpetual contract model, which means that contracts do not have a fixed expiration date. Instead, they remain open until the trader decides to close the position.
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• Charlie RNov 16, 2024 · 8 months ago
  Unfortunately, you cannot cancel a contract on BitMEX before it expires. Once you open a position, you are committed to it until the contract reaches its expiration date. It's important to carefully consider your trading decisions before entering into any contracts on BitMEX.
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• Kasturi GhoshFeb 21, 2021 · 4 years ago
  While you cannot cancel a contract on BitMEX before it expires, there are other platforms that offer the ability to close positions early. For example, on BYDFi, you have the option to close your position at any time, even before the contract reaches its expiration date. This flexibility can be useful for traders who want to manage their risk more actively.
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