Updates to Multi Asset Margining: 60% Reduction in Haircuts and Adding SOL as Collateral
We’re excited to introduce major updates to the Multi Asset Margining feature on BitMEX – users will be able to access a reduced haircut of 60%, one of the lowest in the industry, as well as trade derivatives with SOL (Solana) as a margin currency.
Our Multi Asset Margining feature was launched back in January to bring users a simpler and more convenient trading experience. With the upgrade this time around, users can…
- Access one of the lowest conversion rates offered by a Multi Asset Margining feature (or similar) in the crypto industry, with a 60% reduction in haircuts
- Use a wider range of tokens as collateral – USDT, USDC, ETH, BTC (XBT) and now SOL – to trade any derivatives contract on BitMEX
If you haven’t signed up for a BitMEX account yet, we’re currently offering 10,000 BMEX Tokens to new users – you can register here.
What Changes Are Being Made?
1. Haircut Reductions
As of 25 February, at 07:00 UTC, any user with Multi Asset Margining enabled will be able to experience a 60% reduction in haircuts (which are applied to ensure any asset conversions can be executed). With the change, assets like BTC (XBT), USDT, and USDC now only receive a 2% value haircut.
This means BitMEX now offers one of the lowest conversion rates in the industry for a Multi Asset Margining feature (or similar). You can find more details on our haircuts under the Multi Asset Margin section here.
2. Adding SOL as Collateral
Coming 4 March 2025 at 07:00 UTC, users will be able to use SOL as collateral for their derivatives trades. This is on top of the already-available margin currencies on our platform including USDT, USDC, ETH, and BTC (XBT).
This list of supported margin currencies will continue to expand in the future based on user feedback.
More on Multi Asset Margining
In short, enabling Multi Asset Margining is a gateway for users to access the simplest derivatives trading experience possible on BitMEX. No tedious asset transfers between different wallets or accounts, or the need to monitor your different currencies constantly.
Simply deposit a currency of your choice and get trading. We’ll take care of the rest to make sure your funds are used as efficiently as possible.
To learn more about the Multi Asset Margining feature, how it works, and how to enable it for your BitMEX account, read our blog.
To be the first to know about our new promotions, giveaways, listings, and product launches, you can visit https://www.bitmex.com/ or connect with us on Discord, Telegram, and Twitter. We encourage you to also check our blog regularly.
In the meantime, if you have any questions please contact Support.
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