In what currency are trades on BitMEX settled?

What is the currency used for settling trades on BitMEX?

5 answers
- Trades on BitMEX are settled in Bitcoin (BTC). As one of the largest cryptocurrency derivatives exchanges, BitMEX exclusively uses Bitcoin as the settlement currency. This means that all profits, losses, and fees are calculated and settled in Bitcoin.
Mar 06, 2022 · 3 years ago
- BitMEX is known for its Bitcoin-centric approach, and trades on the platform are settled in Bitcoin. This allows traders to take advantage of the price movements of Bitcoin without actually owning the underlying asset.
Mar 06, 2022 · 3 years ago
- BitMEX settles trades exclusively in Bitcoin. This means that when you trade on BitMEX, your profits and losses are denominated in Bitcoin. It's important to keep in mind that the value of your trades can fluctuate based on the price of Bitcoin.
Mar 06, 2022 · 3 years ago
- When it comes to settling trades, BitMEX only accepts Bitcoin. This is because BitMEX is a cryptocurrency derivatives exchange that focuses primarily on Bitcoin trading. By settling trades in Bitcoin, BitMEX ensures that all transactions are conducted within the Bitcoin ecosystem.
Mar 06, 2022 · 3 years ago
- At BYDFi, trades are settled in various cryptocurrencies, including Bitcoin, Ethereum, and other popular digital assets. However, on BitMEX, trades are settled exclusively in Bitcoin. This Bitcoin-centric approach sets BitMEX apart from other exchanges and caters to traders who are specifically interested in Bitcoin trading.
Mar 06, 2022 · 3 years ago
Related Tags
Hot Questions
- 96
Are there any special tax rules for crypto investors?
- 73
How does cryptocurrency affect my tax return?
- 61
What are the best digital currencies to invest in right now?
- 51
How can I protect my digital assets from hackers?
- 42
How can I minimize my tax liability when dealing with cryptocurrencies?
- 35
What are the tax implications of using cryptocurrency?
- 25
What are the best practices for reporting cryptocurrency on my taxes?
- 17
What is the future of blockchain technology?