BitMEX is a hybrid cryptocurrency exchange and CFD broker where you can trade cryptocurrency derivatives with leverage of up to 1:100. This is a relatively new type of broker where the account is quoted in Bitcoin.
In terms of available instruments, BitMEX currently offers us 8 cryptocurrency derivatives:
- Bitcoin (max leverage 1:100)
- Cordano (max. leverage 1:20)
- Bitcoin Cash (max. leverage 1:20)
- EOS Token (max leverage 1:20)
- Ethereum (max leverage 1:50)
- Litecoin (max leverage 1:33)
- Tron (max leverage 1:20)
- Ripple (max leverage 1:20)
We can freely reduce the leverage on individual instruments.
The trading platform itself is quite simple and intuitive, and anyone who has used the cTrader or Meta Trader platform should find their way around it very quickly.
It’s worth remembering that these types of brokers are not yet strictly regulated by law and are therefore not subject to the supervision of any government institution, making trading with them more risky and vulnerable to fraud. For this reason, it’s worth verifying the credibility of these exchanges.
