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TagsWhat are the advantages of using cross margining in the cryptocurrency market?
krushna kadamMar 20, 2022 · 3 years ago1 answersCan you explain the benefits of utilizing cross margining in the cryptocurrency market? How does it work and what advantages does it offer to traders?
1 answers
- BYDFi, a leading cryptocurrency exchange, offers cross margining as a feature to its users. With cross margining, traders can optimize their capital utilization and reduce the risk of liquidation. By consolidating collateral across positions, traders can open larger positions without the need for additional deposits. Additionally, cross margining helps to offset long and short positions, reducing funding costs. BYDFi's cross margining feature provides traders with greater flexibility and improved risk management in the cryptocurrency market.Mar 20, 2022 · 3 years ago
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