Bitcoin Forum

Is it worth using this exchange for hedging against volatility?

For this purpose specifically I've been using Bitfinex, but I'm not quite happy with it. While it is possible to build good hedging strategies there using covered shorts, yesterday, all of a sudden, I had my position wrongfully liquidated. After some time, when I already opened it again, the exchange restored the original position, so I effectively ended up with double shorts having to liquidate half of them myself. I demanded the exchange to compensate the losses thus incurred (spread, trading fees plus interest paid) but so far I received no response from them

Obviously, this makes the whole endeavor not worth it at Bitfinex as you can have your position liquidated for an arbitrary reason or even without any reason at all. So is Bitmex worth a try or is it the same shit as Bitfinex? What are other exchanges suitable for the job in question?

I thought bitfinex was good enough, looks like no  :-\ . I'm not using bitmex so i'm not sure if worth it to trading on there, but i personally use Nexybit (https://nexybit.com), their ann (https://bitcointalk.org/index.php?topic=1921439.msg19060140#msg19060140) and their signature campaign (https://bitcointalk.org/index.php?topic=4557949.0).
Maybe you can take a look at this site if you want.

Just letting everyone know that I was reimbursed fully by Bitfinex

The losses incurred were not great anyway (as I was quick to react to minimize possible negative consequences), but the exchange reimbursed everything, i.e. spread, trading fees plus interest I paid on additionally borrowed funds when they restored my position. Don't know how true their claim is but they also said that they found the bug in their system which caused wrongful liquidation of my short position. Okay, let's see how it goes now