Can I cancel a contract on BitMEX before it expires?
Tilak PolypackDec 27, 2021 · 3 years ago3 answers
Is it possible to cancel a contract on BitMEX before it reaches its expiration date?
3 answers
- Dec 27, 2021 · 3 years agoNo, once a contract is opened on BitMEX, it cannot be canceled before it expires. BitMEX operates on a perpetual contract model, which means that contracts do not have a fixed expiration date. Instead, they remain open until the trader decides to close the position.
- Dec 27, 2021 · 3 years agoUnfortunately, you cannot cancel a contract on BitMEX before it expires. Once you open a position, you are committed to it until the contract reaches its expiration date. It's important to carefully consider your trading decisions before entering into any contracts on BitMEX.
- Dec 27, 2021 · 3 years agoWhile you cannot cancel a contract on BitMEX before it expires, there are other platforms that offer the ability to close positions early. For example, on BYDFi, you have the option to close your position at any time, even before the contract reaches its expiration date. This flexibility can be useful for traders who want to manage their risk more actively.
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