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RE: REKT Protection: Huobi Futures Launches Partial Liquidation Mechanism

in Project HOPE5 years ago

Huobi has actually been one of the fastest growing exchange these days due to their adopting of mass cryptocurrencies and pair-pair attributes which makes it very nice though.

I am actually just knowing about the liquidation of cryptos and tiers which you've stated below ;

According to the system, the trader’s position will be degraded to Tier 1 which starts at 999 BTC and will only liquidate the 4,001 BTC if the margin ratio is larger than 0%. Eventually, the position will be fully liquidated if needed. A trader that has 100,000 BTC or more in a position will have to go through 4 tiers before full liquidation.

Do you think this method of liquidation will actually benefit the trader involved? My main reason for asking such questions is because I notice some traders making use of binance and I don't really know if this system of liquidation is also adopted in binance but why do we also have more traders on huobi even when knowing this method of liquidation?

Thanks for sharing this great post with love from @hardaeborla in courtesy of @crypto.piotr ❤️💕

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There's definitely a number of exchanges, but Binance hasn't adopted partial liquidation.

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