BitMEX Bitcoin Mercantile Exchange: 10% fee discount for the first six months

BitMex

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BitMEX | Bitcoin Mercantile Exchange

What Is BitMEX?
BitMEX stands for Bitcoin Mercantile Exchange. It is a peer-to-peer trading platform that offers leveraged contracts that are bought and sold in Bitcoin.

Not clear?

Well, I have been there. But then I learned about leveraged contracts, margin trading, and derivatives.

Margin trading a.k.a. leverage trading is a term used in the trading markets. Derivative market is another form of trading market.

BitMex

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BitMEX is a derivative market for crypto instruments. Here is what derivative means:

A derivative is an instrument the value of which is derived from the value of one or more underlying, which can be commodities, precious metals, currency, bonds, stocks, stocks indices, etc. Four most common examples of derivative instruments areForwards, Futures, Options, and Swaps. (Source-www.bseindia.com)

Here at BitMEX, crypto derivative instruments are bought and sold on margin trading. Margin trading is:

An act of borrowing additional money or cryptocurrency by leveraging the number of cryptocurrencies that you already own to buy additional cryptocurrencies.

Let me give you an example:

Assume, you want to make an investment of $2000 in BTC, but you only have $1000. Now to bring in the extra $1000, you borrow that through the margin of 2:1 (it means for every dollar you have, you will get extra one dollar to invest. This is leverage or extra margin).

Simply put, BitMEX is an exchange that combines margin trading and derivates of crypto assets for cryptocurrency traders.

Hope it makes sense now!

BitMex

Top Bitcoin Mercantile Exchange

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