Bitfinex Will Roll Out x100 Margin Trading

Bitfinex will roll out x100 margin trading for Bitcoin. In the whitepaper on Leo, Bitfinex’s own crypto currency, under the heading “Upcoming projects” there was already a hint that from June 2019 trading would be supported with a leverage of up to 1:100 for “selected customers”. Now Bitfinex’s CTO Paolo Ardoino has added to Twitter, the offer is obviously ready for launch.

So far, Bitfinex has limited itself to levers of up to 1:3.3. To the estimate: Who trades for instance Bitcoin (BTC) with lever 1:100, must shoot already with price movement of 1 per cent in the unexpected direction immediately capital or loses its employment.

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Bitcoin in Numbers – Statistics And Facts About The Cryptocurrency No. 1

In the world of cryptocurrencies and especially to Bitcoin there are many interesting facts, statistics and numbers. This is due to the fact that it is a public ledger in which all relevant data about transactions, mined coins and wallets are publicly available.

In this article we take a look at a selection of these numbers and provide you with helpful information. We have categorized them to give you a better overview:

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The Art of Liquidation: Part III – The BitMEX Insurance Fund

In the last two episodes we learned that some exchanges tend to socialize losses from big liquidations. The traders on the exchange have to take a haircut, the loss is carried by many shoulders and the exchange can keep on operating. That works, but it is not fair. Users that have not caused the loss have to take it. It reminds of the bailout 2008. The taxpayer had to bail out the system-relevant banks that were “to big to fail”. …

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Bloomberg Rival: “Eikon Terminal” To Deliver Access to BitMEX’s Derivatives Data

When it comes to institutional investors there are still a lot of hurdles for some of them. E.g. the data feeds, something like the Bloomberg terminal in addition with cryptocurrency data. Since Bloomberg does use some data, like the TOP10 of Huobis price index, but not much more, it is a serious weakness of their service bandwith. Now a competitor (Refinitiv) plans to tackle this weakness of Bloomberg to get an edge in a very important and stark growing market of the future: Institutional Bitcoin investors.

Refinitiv is a company owned by the Blackstone Group LP (55%) and Thomson Reuters (45%). They made $6.1B revenue in 2017 and have 18,500 employees. Their “Eikon Terminal” is a direct competitor to the Bloomberg terminal through a new collaboration with the infamous BitMEX exchange.

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BTX500: Bitcoin from $8800 to $85,000 to $6 With Enabled x500 Leverage

Bitcoin leveraged trading is risky. Very risky. But what happens when there is an exchange enabling their customers to trade Bitcoin with x500? Well, BTX500 “tested” this and the results where pretty clear: As loomdart reported on Twitter the price there went from $8800 to $85,000 to $6 within a matter of minutes. BTX500 claims to be regulated and licensed in Australia and that funds held are fully ensured by Lloyd’s of London. Even this is correct, to offer a …

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