What happens if I cancel a BitMEX contract early?

3 answers

• Dec 27, 2021 · 3 years ago
  Yes, you can cancel a BitMEX contract before it expires. However, there are a few things you need to consider. When you cancel a contract early on BitMEX, you will be charged an early termination fee. The fee amount depends on the contract and the time remaining until its expiration. Additionally, canceling a contract early may result in a loss if the market moves against your position. It's important to carefully assess the potential costs and risks before deciding to cancel a BitMEX contract early.
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• Dec 27, 2021 · 3 years ago
  Absolutely! You have the option to cancel a BitMEX contract before it reaches its expiration date. However, keep in mind that canceling a contract early comes with its own set of consequences. Firstly, you will be charged an early termination fee, which varies depending on the contract and the remaining time until expiration. Secondly, if the market moves against your position, canceling early could result in a loss. Therefore, it's crucial to weigh the potential costs and risks before making the decision to cancel a BitMEX contract early.
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• Dec 27, 2021 · 3 years ago
  Yes, you can cancel a BitMEX contract before it expires. However, it's important to note that BitMEX charges an early termination fee for canceling contracts before their expiration date. The fee amount depends on the contract and the remaining time until expiration. Additionally, canceling a contract early may result in a loss if the market moves against your position. Therefore, it's advisable to carefully consider the potential fees and risks before deciding to cancel a BitMEX contract early. If you have any further questions about BitMEX or trading in general, feel free to ask!
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