![]() For example, you will find the right type of charts and indicators on BitMEX as well as Binance.īut if you ask me, Binance has an edge because its UI is more user-friendly. However, the Binance margin trading feature has made it a way better and idle choice between these two.īinance also has its fully functional and elegant mobile apps for iOS and Android for spot trading whereas BitMEX also has one.Īpart from that, their UI is pretty standard and usable for their kind of trading. ![]() BitMex on the other hand is around for years and trusted by many margin traders. Read: What is Margin Trading in CryptoCurrency: Learn How to Get Startedīinance is a world-class crypto exchange, which is constantly innovating and becoming the go-to exchange for every purpose. ( Source-So along similar lines, BitMEX offers derivatives or futures contracts of some of the popular cryptocurrencies which are settled in BTC, which means one can only deposit/withdraw BTC from BitMEX. Four most common examples of derivative instruments areForwards, Futures, Options, and Swaps. ![]() Here is what derivative means:Ī 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. Derivative market is another form of the trading market.īitMEX is a derivative market for crypto instruments. leverage trading is a term used in the trading markets. It is different compared to Binance because on BitMEX futures contracts that mimic cryptocurrencies are bought and sold whereas on Binance actual spot trading takes place. It is a peer-to-peer trading platform that offers leveraged contracts that are bought and sold in Bitcoin. BitMEX stands for Bitcoin Mercantile Exchange.
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