BitMEX Reduces Haircuts by 60% and Adds SOL as Margin Currency

On March 4th, 2025, BitMEX announced significant updates to its Multi Asset Margining feature, including a 60% reduction in haircuts and the addition of SOL (Solana) as a margin currency. This upgrade allows BitMEX users to trade any derivatives contract on the platform using SOL as collateral, benefiting from some of the lowest haircut rates in the crypto industry. Launched initially in January, BitMEX's Multi Asset Margining now supports USDT, USDC, BTC, ETH, and SOL as collateral. CEO Stephan Lutz stated that these changes aim to enhance capital efficiency and flexibility for traders. The platform allows users to deposit their preferred currency and immediately begin trading without needing to transfer funds between wallets, streamlining the trading experience.