🛡 BitMEX Introduces Multi-Asset Margining Feature

🛡 BitMEX Introduces Multi-Asset Margining Feature

🚀 BitMEX, a prominent crypto derivatives exchange, has recently launched its Multi Asset Margining feature. This innovative tool allows traders to utilize multiple margin currencies for trading derivatives contracts without the need for asset conversion or fund transfers between wallets.

💱 Users can simply deposit their preferred currency and begin trading immediately. Currently, the supported currencies include USDT, USDC, ETH, and BTC, with additional currencies expected to be added soon. The primary objective of this new feature is to streamline the trading process, enhance flexibility, and improve capital efficiency.

📈 According to the exchange, this enables users to leverage a wider range of currencies for trading. The blog post states,
the result is a simpler and more convenient trading experience. […] Simply deposit a currency of your choice and get trading. We’ll take care of the rest to make sure your funds are used as efficiently as possible.

🔄 The Multi Asset Margining feature allows users to open and maintain positions using currencies other than the contract’s settlement currency. This eliminates the need for time-consuming asset conversions, enabling users to hold multiple currencies and gain exposure to diverse markets simultaneously.

⚙️ The new system automatically allocates a user’s funds across their position requirements in an efficient manner. Traders can easily activate this feature through their account settings and monitor their available margin on the Wallet page. However, users are advised to keep an eye on their account-level margin balance to avoid liquidation.