In what currency are trades on BitMEX settled?

5 answers

• Dec 17, 2021 · 3 years ago
  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.
  251126
• Dec 17, 2021 · 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.
  21873
• Dec 17, 2021 · 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.
  24562
• Dec 17, 2021 · 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.
  28157
• Dec 17, 2021 · 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.
  32655