Who trades on a Futures exchange, this is usually not without a lever. Some exchanges have limited their Leverage to 5x or 10x. KuMEX, the Bitcoin Futures Exchange, an offshoot of the well-known stock exchange KuCoin, has now increased the leverage for Bitcoin Perpertual Contracts from 20x to 100x.
KuCoin Future platform KuMEX increased Bitcoin Leverage
KuMEX announced this Thursday, 19.12, that they will increase from now on, the Bitcoin Leverage of 100x. Thus all the customers of the Futures Exchange, which have gone through the KYC process can choose between leverage 1 and 100x. As some of you might, perhaps, be known, be increased by the choice of a lever, the actual purchasing power. So it can be moved with a Collateral of 100 US dollars with a 100x leverage a total of $ 10,000 USD in Bitcoin.The CEO of KuCoin, Michael Gan, spoke as follows:
We feel the growing interest for the Bitcoin Futures Trading to private and institutional investors. Over the last few months, our Future platform could show their stability and security. We are pleased to announce that our customers can act with a 100x Leverage.
The Bitcoin Futures Exchange KuMEX was officially opened on may 8. July of this year, launched by the KuCoin Team developed. KuMEX uses compared to other Exchanges, the price of 6 different exchanges to calculate the Bitcoin Spot Index. Including well-known stock exchanges such as Coinbase Pro, Bitstamp or Kraken are. So that any risks are mitigated as they arise, for example, if only 1 or 2 exchanges may be used for the calculation of the Bitcoin Spot price. This often leads to Liquidations of the contracts, if there is a high level of price volatility. An effect that no Trader wants.Even if KuMEX at the current time is not yet so well known in comparison to industry giants such as OKEx or BitMEX, works KuMEX to the Expansion. Have been added in the past few months, new languages to the platform, such as English, Chinese, Russian, Turkish, German, French, or Korean.Can you already the Bitcoin Futures Exchange KuMEX? You are using the 100x leverage? You look better Videos to read the article? Then look at our Youtube Channel over.[Image Source: Shutterstock]