BitMEX, a popular cryptocurrency exchange, has announced a change in the Base Initial Margin and Base Maintenance Margin requirements for its DOGEUSD and DOGEUSDT contracts, making it easier and more accessible for traders to engage in these specific contracts. These changes took effect on November 12, 2024, at 02:25 UTC.
By reducing the margin requirements, BitMEX aims to attract more traders and increase trading volumes and liquidity in DOGE-related contracts. This development presents an opportunity for traders to participate in leveraged trading with reduced financial commitment while still maintaining the potential for substantial returns.
However, it is crucial to remain cautious and informed when engaging in margin trading due to the inherent risks involved.
