21x
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Finex could do 21%. Feels the right limit for #bitcoin
Jokes aside, it makes sense to limit leverage. On a 100x position, a 0.5% market move liquidates you. Our upcoming x-margin meant to reduce leverage to 25%. Glad to see FTX being first mover.https://twitter.com/APompliano/status/1419315673038209025 …
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We like x100
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100x is pretty much just roulette & was always ridiculous
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Our user base is super low leverage anyway.
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Great first step imho. Serious exchanges should follow.
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High leverage is for serious traders on serious exchanges. The problem is when it's used by n00bs doing their first trade from a YouTube moonboy's referral link. 100x is too high to offer by default, but 20x is too low IMO.
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The reasoning is not exactly correct and only an idiot would use such high lev. Such high lev could be useful if you have positions or even a single position in cross mode at a large profit.Opening a position with a similar situation even with 100X lev would not be a bad choice
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Why is so common to be against high lev? I've made a fortune from x50+ (but I dont use x100) Risk limits prevents from blasting a 10 mil position on high lev anyway.. Really love high lev and I'm thankful for it. Some exchange (bybit?) Will hopefully welcome us.
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Ftx is cross margin so it makes sense. Bfx is isolated - consider liq as stop loss.
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