What are the advantages of trading on BitMEX without perpetual contracts?
BehemotkowaDec 29, 2020 · 5 years ago3 answers
Can you explain the benefits of trading on BitMEX without perpetual contracts in the cryptocurrency market?
3 answers
- Hairy WookieSep 17, 2023 · 2 years agoTrading on BitMEX without perpetual contracts offers several advantages. Firstly, it allows traders to avoid the funding fees associated with perpetual contracts, which can be significant over time. Secondly, without perpetual contracts, traders can focus on short-term trading strategies and take advantage of market volatility without worrying about long-term contract expiration. Additionally, trading without perpetual contracts reduces the risk of liquidation, as traders don't have to constantly monitor their positions to avoid being liquidated. Overall, trading on BitMEX without perpetual contracts provides more flexibility and control over trading strategies.
- Akash M.VApr 12, 2021 · 4 years agoOne of the advantages of trading on BitMEX without perpetual contracts is the ability to avoid the funding fees. Perpetual contracts often require traders to pay funding fees, which can eat into their profits. By trading without perpetual contracts, traders can save on these fees and potentially increase their overall returns. Additionally, trading without perpetual contracts allows traders to focus on short-term trading opportunities and take advantage of market movements without being tied to a long-term contract. This flexibility can be particularly beneficial in a volatile cryptocurrency market.
- So PheakNov 21, 2022 · 3 years agoWhen it comes to trading on BitMEX, there are a few advantages of avoiding perpetual contracts. Firstly, without perpetual contracts, traders can avoid the risk of being liquidated due to price fluctuations. This is especially important in a highly volatile market like cryptocurrency, where prices can change rapidly. Secondly, trading without perpetual contracts allows traders to have more control over their positions and exit strategies. They can close their positions at any time without worrying about contract expiration. Lastly, without perpetual contracts, traders can focus on short-term trading strategies and take advantage of market opportunities without being tied to a long-term contract.
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