At 04:20 UTC on 20 April 2021, we reduced the threshold used to detect spam orders from 0.01 XBT to 0.0001 XBT. After this change, accounts with too many open orders with a value less than this threshold will be considered a Spam Account. For more information on how such accounts are affected, please see...Read More
UPDATE: At 04:45 UTC on 20 April 2021, Binance was reintroduced to the BitMEX indices. Effective 20 April 2021 at 02:00 UTC, BitMEX will temporarily remove Binance from its indices in response to Binance’s scheduled downtime, which was announced earlier today. Scheduled downtime on Binance is expected to last for 2 hours and will affect...Read More
We’ve been steadily enhancing our compliance programme as the crypto derivatives sector evolves. The latest step comes in the form of a new partnership with Kharon, a research and data analytics company, to strengthen our customer due diligence process and enhance screening for OFAC-sanctioned entities and other related parties. In doing so, we are making...Read More
We’re continuously enhancing our trading engine to maintain the BitMEX platform’s excellent performance. As part of our latest initiative to facilitate a major upgrade to our system architecture, we will temporarily halt trading in our Testnet environment on Thursday, 1 April at 02:15 UTC, and our production (Mainnet) environment on Thursday, 8 April at 02:15...Read More
We’re very pleased to announce the imminent launch of Bech32 deposits across the BitMEX platform, boosting efficiency and deepening our integration with the latest Bitcoin address format. In the coming weeks, we will begin to issue Bech32 addresses to all new BitMEX users and migrate current users to new addresses in phases as soon as...Read More
Our Customer Service team has responded to a number of questions recently on our withdrawal process, not least in light of temporary freezes on some other exchanges. Trading safely and securely on a platform performing exceptionally well is one thing, but users want to know that they can withdraw funds seamlessly too. Our process remains...Read More
It’s very important to us to list the assets that command liquidity and matter most to our users – even if that means a slight change of plans. Outside of the list of Altcoin Perpetual Swaps previously announced, we will also launch a TRXUSDT perpetual swap contract with up to 33x leverage at 04:00 UTC...Read More
We’ve always risen above the competition when it comes to margin requirements for trades both large and small. But we’ve never stopped looking at how to improve, so we’ve decided to increase risk limits on our popular XBT futures contracts (XBTH21, XBTM21, and XBTU21) from 50 to 75 XBT to provide users with even more...Read More
On 26 March 2021 12:00:05 UTC BitMEX will update its index weights. From today, the hypothetical values of the indices with the new weights will be published as the “NEXT” index family (Eg .BXBT_NEXT). As of 26 March 2021 at 12:00:05 UTC, assuming no constituent exchanges have been excluded due to Index Protection Rules, BitMEX...Read More
On 12 March 2021 at 08:00 UTC, we will list new quarterly futures on the BitMEX platform. The new contracts will be visible on the platform from 11 March at 08:00 UTC as Unlisted, 24 hours before the start of trading. As previously announced, we will not be listing new ADAUSDT, BNBUSDT, DOTUSDT, EOSUSDT, XTZUSDT,...Read More
It’s our pleasure to announce the appointment of Stephan Lutz as Chief Financial Officer of 100x Group, the holding structure for the BitMEX platform. Stephan, who will take up his role in May 2021, will direct our financial growth, expansion, and profitability, reporting to 100x Group CEO Alex Höptner. Stephan brings considerable experience to the...Read More
One of our biggest responsibilities is making sure we provide markets for products that command liquidity and reflect the preferences of our user base. This sometimes requires us to allow some contracts to ‘sunset’ – in other words, allowed to expire and not be renewed. With this in mind, the ADAUSDT, BNBUSDT, DOTUSDT, EOSUSDT, XTZUSDT,...Read More
Trading volume on BitMEX eclipsed the equivalent of USD$1 trillion over the past 365 days as we recorded two of the highest trading by volume months in our history in January and February 2021. This milestone follows the completion of our User Verification Programme in December, making the BitMEX platform the largest cryptocurrency derivatives exchange...Read More
BitMEX Testnet is a great environment to test trading strategies without using real funds. As part of regular housekeeping and to align with contracts listed on the BitMEX platform, we will delist and settle the XBTJPY and XBTKRW contracts on Testnet on 26 February 2021 at 12:00 UTC. For those who are interested in how...Read More
You asked and we’re answering. We’re introducing six new Altcoin/USDT quanto perpetual contracts to the BitMEX platform in March as we expand our product offering and list perpetual swaps for our users’ favourite coins. These will be: Cardano (ADA) Polkadot (DOT) EOS yearn.finance (YFI) Uniswap (UNI) Stellar Lumens (XLM) The contracts will be launched in...Read More
While XBT soars to all-time highs and volumes spike, we’ve observed excellent trading performance from the BitMEX platform. A big part of the success so far is thanks to the hard work of our engineering team – they’ve pulled long days, nights, and weekends over the past months to ensure the platform runs smoothly when...Read More
Policy and compliance geeks have circled June 2021 in their calendars as one of the most important dates this year for the crypto space – the date by which the global anti-money laundering and terrorist financing watchdog, the FATF, expects both countries and the crypto industry to implement the so-called ‘travel rule’. The rule is...Read More
Last week, we explained how our strengthened index protection controls can give BitMEX users an edge versus those who trade on exchanges with less sophisticated safeguards. Here’s a real-world benefit of one of those safeguards – the Index Protection Parameter – kicking in during trading for .BXRP and .BXRPXBT indices on Monday, 1 February. A...Read More
In retrospect, it was inevitable. As the surge in interest in Dogecoin continues, we are launching a DOGEUSDT perpetual swap contract with up to 20x leverage this Friday. The BitMEX platform offers top-tier liquidity, security, and platform performance to traders. Recent enhancements to our platform rules will result in an even better DOGEUSDT trading experience....Read More
We think that our responsibility to provide a fair and orderly trading environment should be inclusive of user protections for so-called ‘fat finger’ input errors. Though rare, these types of mistakes have the potential to create sudden drastic price movements that disadvantage other users. With this in mind, we will be introducing the Fat Finger...Read More
Our mission at 100x Group, the holding structure for the BitMEX platform, centres on transforming the modern digital financial system into an inclusive ecosystem that embraces virtual assets. In another step forward toward that goal, we are pleased to announce the appointment of Mr. Wai Kin (WK) Chim as an Independent Non-Executive Board Director of...Read More
If building and scaling a world-class crypto derivatives exchange is like assembling an aeroplane in flight, then strengthening exchange parameters would be the vital work of the pilot, ensuring the ride is as smooth as possible. Over the years, we’ve developed BitMEX from the ground up, using our unique Fair Price Marking System to ensure...Read More
At BitMEX we believe that Bitcoin, and crypto in general, is not something that should be reserved for insiders. Bitcoin is open source, accessible, and controlled by no one. The ecosystem in which we have thrived is still in its nascent stages, and access to reliable information and insight is more important than ever before. ...Read More
We are pleased to announce that 100x Group, the holding structure for the BitMEX platform, has joined Global Digital Finance (GDF), the leading industry body championing the adoption of digital finance. As a GDF patron board member, we’ll work closely with our peers to advocate for a more inclusive, empowering, and better regulated digital financial...Read More
As part of our long-term partnership with Chainalysis, we are deepening our integration with this leading blockchain intelligence provider to bolster our ability to identify, investigate, and stop illicit transactions. By layering Chainalysis’ highly regarded KYT (Know Your Transaction) screening capabilities over our existing processes, we are broadening our compliance capabilities to continue to ensure...Read More
The BitMEX platform performed exceptionally well with zero overloads during the surge in trading throughout yesterday as XBTUSD hit an all time high (ATH) of US$40,567. This is a result of the extensive work our dedicated engineering team has completed over the past year to significantly scale the platform through zero-downtime releases and other behind-the-scenes...Read More
We’re pleased to confirm that our User Verification Programme has been successfully implemented, making BitMEX one of the largest crypto derivatives exchanges in the world with a fully verified active user base. Since 4 December 2020, BitMEX users have been required to verify in order to deposit, trade, or withdraw funds. With remaining open positions...Read More
We are pleased to announce the appointment of Alexander Höptner as the new Chief Executive Officer of 100x Group, the holding group for HDR Global Trading Limited, owner and operator of the BitMEX platform. Alex will lead 100x Group as we pursue our wider vision of shaping the evolution of digital financial services through strategic...Read More
With bitcoin approaching all-time highs followed by the “Thanksgiving slump” sell-off, it’s been an extremely active week for crypto trading, so we wanted to share a short update on the underlying reasons why our platform performed well over this period. Over the past 12 months, an incredible amount of work has been delivered in the...Read More
We are expanding our Altcoin offering further with the launch of three new Altcoin/USDT underlying quanto futures contracts. Trading will begin on 30 October 2020 at 04:00 UTC. Twenty-four hours before the start of trading, the new contracts will be visible on the platform as Unlisted. Binance Coin (BNB) powers the Binance ecosystem and is...Read More
