The future of Bitcoin is one of the most striking developments of recent times, so it is not surprising that the news is hogging a massive amount of headlines. Bitmex users can now speculate on the price of Bitcoin Cash because the exchange has activated futures trading. Likewise, the company announced that it will be selling its BCH plots and that it will be entitled to distribute them as BTC, with a disbursement process that will be completed before the end of the year. The news shows that Bitcoin Cash is beginning to have a widespread adoption of suppliers, portfolios and exchanges.
Bitmex is famous for trading futures, offering a 100x advantage in bitcoins and other cryptocurrencies. The arrival of these BCH contracts is very interesting news, and the full details are the following: an entry tariff of 5% and an exit tariff in the initial margin; the contracts are settled in BTC and there is a minimum price increase of 0.0001 BTC. It should be noted that, at the time of writing this note, the futures of BCH had a volume of 1,570 BTC, an amount that will probably increase as they are disseminated.
It should be noted that users who bet excessively for Bitcoin Cash did not have a good start since the asset fell in the middle of a race that left other currencies behind – despite this, many estimates that in the coming weeks there will be opportunities to the earnings-. Such is the case that of the 350 dollars that were worth the crypto active at the end of October, the price increased until it peaked at 2350 dollars, although it did not take anything to decrease until it was just over 1400 dollars. However, bitcoin has already recovered by the time of this publication and according to data from CoinMarketCap, BCH has a price of $ 1004 per currency, with a capitalization of $ 16.8 billion, the third highest after Bitcoin and Ethereum.
It seems like yesterday when the community witnessed the birth of Bitcoin Cash and the times when several exchanges distributed the bifurcated coin in a 1: 1 ratio, while others adopted an indecisive attitude. Bitmex has finally clarified the path it wishes to follow, announcing that it will sell all its BCH to deliver it to customers as BTC ; It is worth adding that Coinbase, a platform that from the beginning showed a radical attitude, days later retracted and it is expected that in January start the support already promised, giving users the balance they had in BTC by the time of fork but inBCH .
Discouraging as it is, such a restriction is not a deviation from the way Facebook routinely does business. For an organization that seeks to occupy a moral place as a shield of users against endemic cryptocurrency fraud, the creation of Zuckerberg for too long has had a history of abuse of power, arbitrary implementation of its own policies, speech reduction and frivolous ignorance. Of all shaded industries that flourish on your platform. Everything about Facebook, from this constantly expanding list of controversies, in the constantly reactive and inarticulate way of responding to them, of not recognizing, let alone addressing, many social problems that the company’s operations have engendered.
The decision of Bitmex raises the possibility that large quantities of BCH go on the market in the coming weeks, assuming that the exchange has not found a private seller. The Hong Kong Company is following in the footsteps of the Bitcoin Investment Trust sponsor, Grayscale Investments, as it recently announced a similar plan. Stop loss is a guarantee of the security of your deposit due to a sudden drop in price. Once the level of losses is reached, the trade closes automatically, as in the case of profit, but in this case, the loss is minimized.
BitMEX: See how the international exchange operates in Bitcoin’s future market.
BitMEX is an international exchange of crypto-coins that was launched in 2014 by HDR Global Trading Ltd. This specific platform is only crypto – coins, which means that deposits and withdrawals are only made through crypto-coins.
BitMex offers leveraged trading of up to 100 xs in Bitcoin in the cash and futures markets. Leverage in altcoins varies, and for now, Bitcoin is the only criptomoeda that offers 100 xs, with Ethereum offering up to 50x and Litecoin up to 33.3 xs. What does that mean? That if you deposit 0.1 BTC, you will be able to trade 10 BTC! That’s right, you just need to deposit 0.01 BTC to trade sold or bought with 1 BTC.
In addition, BitMEX is one of the exchanges with the largest volume of bitcoin trading, reaching 4 billion dollars in just 24 hours, which is great for those looking for liquidity, especially on platforms that are leveraged trading.
Advantages of BitMEX
- Leverage up to 100x;
- Liquidity of swaps and futures – the trading volume of the XBT / USD pair in the Bitmex exchange is the largest in the world;
- Very convenient and functional interface, understandable for those who are familiar with trade;
- You can trade futures absolutely anonymous, which is a great advantage for those who do not want to leave their personal data in exchanges. To verify your account, you just need to verify your email address. After going through a simple and quick verification process, you will have access to trading without restrictions;
- Without a hot wallet, bitcoin withdrawals can be paid twice a day after manual verification;
- Funds are deposited or removed from BitMEX only in bitcoin. Bitcoin is also used to secure any platform agreement, whether BCH / XBT, LTC / XBT or any other trading pair;
Good customer service
To trade futures do not require a 100% margin, which allows you to trade with a leverage of up to 100x for some contracts. All margin values in BitMEX are called bitcoins, which allow marketers to speculate on the future value of a contract, using only bitcoins.