Bitunix, one of the top crypto derivatives exchanges, continues to set new standards with its latest array of groundbreaking updates and features. These advancements promise to boost the trading experience, providing traders with efficiency and productivity. Let’s explore these new updates.
Liquidation Check for Futures:
One of the notable updates is the introduction of a liquidation check feature for futures trading. This feature evaluates the potential impact of opening new positions on the maintenance margins of existing positions. By conducting this assessment in real time, Bitunix aims to prevent scenarios where new orders inadvertently trigger forced liquidations due to insufficient margin levels.
Unrealized Profit Utilization:
Bitunix now allows traders to leverage their unrealized profits as margin costs for opening new positions. This means that traders can utilize the profits from their existing positions to enter into additional trades, effectively maximizing their trading potential without requiring additional capital. This feature provides traders with more flexibility and efficiency in managing their margin requirements.
Cross-Margin Mode Optimization:
In response to user feedback and industry best practices, Bitunix has optimized its cross-margin mode calculation algorithm. Previously, the platform calculated liquidation prices based on the total cross-margin available for each contract, leading to significant fluctuations in liquidation prices during price volatility. The updated algorithm allocates the total cross-margin to each position based on the proportion of their maintenance margins, resulting in more stable and accurate liquidation prices.
Margin Rate Enhancement:
Bitunix has revamped its margin rate calculation methodology to provide traders with a clearer understanding of their risk exposure. The margin rate now directly reflects the ratio of the account’s margin to the maintenance margin, offering a more transparent assessment of risk levels. A higher margin rate indicates lower risk, while a lower rate suggests higher risk and potential proximity to liquidation.
Conclusion:
Stay tuned for more updates and improvements as we continue to make Bitunix the premier destination for cryptocurrency trading and investment.
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