We’re proud to announce that you can now amend existing orders directly from the trade interface!
Simply click on the price, quantity, or stop price you wish to edit. Press the Enter key or the green checkmark to commit the change. The Escape key or red
x cancels the amend.
A few details:
0cancels the order.
We have recently received a number of enquiries regarding the settlement of the Zcash December 30 Futures contract, ZECZ16:
Zcash will begin mining on October 28, 2016. There has been no indication yet as to which markets may list ZEC after this date. Furthermore, ZEC mining will have a slow start, with the block reward linearly increasing from 0 to 12.5 ZEC over the first 20,000 blocks (approximately 34 days).
Because of this difficulty to source ZEC, it may delay listing on a spot exchange. As such, BitMEX will choose a reference exchange by December 1, 2016 based on liquidity and reputation.
If there does not happen to be any spot trading at all for ZEC by December 30, 2016 then BitMEX will settle the contract at the Bitcoin equivalent price raised in the last round of investment.
Last summer, Zcash raised $2m for 6.25% of the company, which includes the Founder’s Reward of 2.1m coins (10% of total supply). Hence the investors effectively paid $15.24 per ZEC in this last round of funding. Further information can be read in the z.cash blog here.
Hence, the Bitcoin equivalent of $15.24 will be the Settlement Price in case of no trading at Expiry on December 30, 12:00 UTC.
We are pleased to announce that 100x leverage has returned to the XBTUSD perpetual swap.
All open positions will remain at the current leverage selection, but the new 100x leverage option will be available to you after this time.
Effective Monday 3rd October 12:00 UTC, a significant change was made to all BitMEX products: we have shifted from the Dynamic Profit Equalisation (DPE) system to the Auto-Deleveraging (ADL) system.
On all BitMEX products, we moved from DPE (Dynamic Profit Equalisation) to a new ADL (Auto-DeLeveraging) system.
Why the change? There are several important reasons:
Under the ADL system, deleverage occurs if the liquidation is not filled by the time the mark price reaches the bankruptcy price. Deleveraging is when a long or short position is liquidated, and then a trader with an opposing position is closed out in profit.
As opposed to other deleveraging systems, ADL deleverages the highest-leveraged traders who thus pose the biggest risk for other traders. Your place in the queue is viewable in real-time so you can adjust your position size & leverage to avoid deleveraging.
For users who like to hold low-leveraged positions for extended periods of time, this means that loss risk has been significantly reduced.
For further information about the ranking formula, please see the Ranking section in the Auto-Deleveraging document.
In your Account Settings, there is an option called Safe Session Duration. By default, this is on, and protects your account by limiting the length of your sessions and by only extending them when you are active.
This practice helps secure your account, but it can be annoying. A few users have expressed the desire for a longer timeout.
Starting today, if the Safe Session Duration setting is unchecked, your maximum session length will be increased from 1 day to 30 days. You will be logged out in order for the setting to take effect.