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July 22, 2015, 03:02:47 AM |
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Is anyone using this? I just created an account and spent some time carefully looking at the offering/platform. It looks like this was conceptualized when the arbitrage opportunities between different exchanges were quite large. But that doesn't really hold anymore. And BTC.sx fees are quite high - 0.48% upon entry AND exit from a positions, so total 0.96%. On top of that they charge fee for holding position longer than 1 day, so there are holding fees as well.
It seems so much cheaper to trade with leverage on Bitfinex directly, I'm not getting why anyone would trade here. I guess in a crazy market when the exchanges' prices diverge, this platform could be useful.
Is anyone using this? What advantage do you see, and why do you like it?
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