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Bitmex wants to make it easier to REKT you !

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@bitrocker2020
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As of the 5th June 2020, Bitmex has changed its min order from 0.0025 xbt to 0.01 xbt !! Thats like 4 times increase. For someone who uses the API to run the trades, my normal order per trade execution was around $20 or $50 as I would require a lot of dollar cost averaging based on the direction of the trade.

So now, its either I have to increase my wallet size or comply if I want to still carry on with trading on Bitmex. The main reason I'm on there still is purely because there is purely because of volume.

I'm also on Binance however they seem to be way much better in maintaing the APIs and is able to take the load ...... with less frequent downtime ( yes yes .. it happens during the worst possible moment )

https://blog.bitmex.com/api_announcement/change-in-spam-order-size-threshold/

The main reason which Bitmex did this was purely because their APIs gets overloaded with small trades and has been criticized on this many many times. Remember black Thursday ?? They were doing close to $100 million worth of BTC per min which then caused the system to crash ( thats what they said )

So with this change ... I hope that this nonsense with the APIs crashing and burning again ... and it would be way much bigger if its a loss as the min order is now 0.01 xbt !!

Cheers all and have a good weekend. !