BitMEX Offering a New Stop Order Feature For API Users

BitMEX Offering a New Stop Order Feature For API Users

BitMEX, one of the largest cryptocurrency exchanges online, is now offering a new stop order feature for all of its API users.

BitMEX, the online cryptocurrency exchange, is offering a new stop order feature for all of their API users, the Last Within Mark. The Last Within Mark can be applied to Stop Market Orders as well as Stop Limit Orders. This new feature is designed to reduce the number of triggered stops that are seen in highly volatile and chaotic market conditions. With the cryptocurrency market being extremely volatile compared to traditional asset classes, it makes sense that this feature has been introduced in these markets.

 Initially, this new feature will only be available for BitMEX API users, but it is planned to be rolled out for all users at a later period of time. The Last Within Mark is extremely useful for traders because it applies an extra condition that needs to be fulfilled on orders. This new feature adds an additional check on price differences between the Last Price and the Mark Price before the Stop Order is actually triggered. This means that the Last Within Mark will reduce the number of triggered Stop Orders caused by volatile spreads. This will provide additional protection against sudden or drastic changes in liquidity.

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Bitcoin,BitMEX,Cryptocurrency,Exchange Platforms

Haru Invest – the Ideal Platform to Get in Touch with Crypto

BitMEX, one of the largest cryptocurrency exchanges online, is now offering a new stop order feature for all of its API users. BitMEX, the online cryptocurrency exchange, is offering a new stop order feature for all of their API users, the Last Within Mark. The Last Within Mark can be applied to Stop Market Orders […]

22 March, 2022
Bitcoin,BitMEX,Cryptocurrency,Exchange Platforms

XBE Community Launches a $500k Bug Bounty

BitMEX, one of the largest cryptocurrency exchanges online, is now offering a new stop order feature for all of its API users. BitMEX, the online cryptocurrency exchange, is offering a new stop order feature for all of their API users, the Last Within Mark. The Last Within Mark can be applied to Stop Market Orders […]

28 December, 2021
Bitcoin,BitMEX,Cryptocurrency,Exchange Platforms

11 Biggest Sponsorships Deals for the Crypto Market in 2022

BitMEX, one of the largest cryptocurrency exchanges online, is now offering a new stop order feature for all of its API users. BitMEX, the online cryptocurrency exchange, is offering a new stop order feature for all of their API users, the Last Within Mark. The Last Within Mark can be applied to Stop Market Orders […]

1 December, 2021
Bitcoin,BitMEX,Cryptocurrency,Exchange Platforms

ChangeNOW Unveils a New Cashback Feature

BitMEX, one of the largest cryptocurrency exchanges online, is now offering a new stop order feature for all of its API users. BitMEX, the online cryptocurrency exchange, is offering a new stop order feature for all of their API users, the Last Within Mark. The Last Within Mark can be applied to Stop Market Orders […]

15 November, 2021
Bitcoin,BitMEX,Cryptocurrency,Exchange Platforms

Celsius Casino is Raising the Temperatures with a Voluminous Game Lobby

BitMEX, one of the largest cryptocurrency exchanges online, is now offering a new stop order feature for all of its API users. BitMEX, the online cryptocurrency exchange, is offering a new stop order feature for all of their API users, the Last Within Mark. The Last Within Mark can be applied to Stop Market Orders […]

9 November, 2021
Bitcoin,BitMEX,Cryptocurrency,Exchange Platforms

ChangeNOW Has Announced the Release of its Own Digital Wallet

BitMEX, one of the largest cryptocurrency exchanges online, is now offering a new stop order feature for all of its API users. BitMEX, the online cryptocurrency exchange, is offering a new stop order feature for all of their API users, the Last Within Mark. The Last Within Mark can be applied to Stop Market Orders […]

29 October, 2021
Bitcoin,BitMEX,Cryptocurrency,Exchange Platforms

BitPanda Enhances Its BEST Rewards Programme

BitMEX, one of the largest cryptocurrency exchanges online, is now offering a new stop order feature for all of its API users. BitMEX, the online cryptocurrency exchange, is offering a new stop order feature for all of their API users, the Last Within Mark. The Last Within Mark can be applied to Stop Market Orders […]

25 October, 2021
Bitcoin,BitMEX,Cryptocurrency,Exchange Platforms

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

BitMEX, one of the largest cryptocurrency exchanges online, is now offering a new stop order feature for all of its API users. BitMEX, the online cryptocurrency exchange, is offering a new stop order feature for all of their API users, the Last Within Mark. The Last Within Mark can be applied to Stop Market Orders […]

6 October, 2021