What are the reasons behind BitMEX charging fees for buying on a take profit limit during shorts?

3 answers

• DSTrailblazerJan 29, 2024 · 2 years ago
  BitMEX charges fees for buying on a take profit limit during short positions to cover the costs associated with executing the trade. When traders place a take profit limit order, they are essentially placing an order to buy at a specific price if the market reaches that level. BitMEX incurs additional costs when executing these types of orders because they require monitoring the market and executing the trade at the specified price. These fees help offset the expenses incurred by BitMEX in executing these orders.
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• Shaw HyllestedJul 11, 2023 · 2 years ago
  The reason behind BitMEX charging fees for buying on a take profit limit during short positions is to discourage excessive use of this order type. By imposing fees, BitMEX aims to incentivize traders to use other order types or to carefully consider their trading strategies. This helps maintain a balanced trading environment and prevents market manipulation. Additionally, the fees generated from these orders contribute to the overall revenue of BitMEX.
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• Johan BentoDec 11, 2024 · 8 months ago
  BitMEX charges fees for buying on a take profit limit during short positions as part of their business model. By charging fees, BitMEX generates revenue that supports the operation and maintenance of their platform. These fees also help ensure the stability and reliability of the trading system, as they contribute to the resources required for efficient order execution. BitMEX aims to provide a high-quality trading experience, and the fees associated with buying on a take profit limit during short positions are a necessary component of achieving this goal.
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