Risk management dominos Futures trading platform BitVC has altered the way it handles forced liquidation risk management, replacing the ‘socialized system losses’ method that was sometimes unpopular with users.
The platform, a subsidiary of Chinese exchange Huobi , says it will implement a new method called ‘automatic counterparty deleveraging’.
A BitVC representative said the system is the first of its kind in the high-leverage bitcoin futures market and, while still not perfect, offers a significant improvement […]
