BitMEX

$627,159
24h Trading Volume
Ƀ 9
24h Trading Volume (BTC)
0
Markets
0
Pairs

Basic Information about BitMEX

Year Established0
Websitebitmex.com
Rank78
CountrySeychelles
Has Trading IncentiveNo
CentralizedYes

Coins & Trading Pairs Available on BitMEX

BitMEX Markets
CoinPairVolumeVolume (BTC)Volume (USD)Volume %
BitcoinXBT/USDT4Ƀ 4$265,07442.27%
EthereumETH/USDT9Ƀ 0$29,1444.65%
Bitmex TokenBMEX/USDT65,411Ƀ 0$19,6143.13%
EthereumETH/XBT3Ƀ 0$10,4321.66%
SolanaSOL/USDT54Ƀ 0$9,1921.47%
Matic NetworkMATIC/USDT5,061Ƀ 0$4,6240.74%
BonkBONK/USDT65,782,750Ƀ 0$1,4150.23%
ChainlinkLINK/USDT49Ƀ 0$8300.13%
TronTRX/USDT500Ƀ 0$570.01%
Axie InfinityAXS/USDT5Ƀ 0$480.01%

What is BitMEX?

BitMEX is a cryptocurrency exchange and derivative trading platform founded in 2014. It offers a variety of cryptocurrency-based financial products, including perpetual contracts, futures contracts, and options contracts. BitMEX is owned by HDR Global Trading Limited and is registered in the Seychelles. The exchange was co-founded by Arthur Hayes, Ben Delo, and Samuel Reed.

According to the information available on Wikipedia, BitMEX introduced perpetual futures contracts in 2016, which became its most popular derivative product. However, the platform has faced criticism and investigations, with allegations of involvement in illegal activities and failure to implement anti-money laundering measures. In 2020 and 2022, several individuals associated with BitMEX pled guilty and were sentenced for violating the Bank Secrecy Act.

As mentioned in the Investopedia article, BitMEX is known for its deep liquidity and professional trading dashboard. It offers futures and perpetual swap contracts on various cryptocurrencies, aiming to become the worlds largest regulated crypto derivatives exchange. Despite facing controversies and legal issues, the platform provides an institutional-grade trading experience with features like high leverage, low latency, and the option to earn interest on idle funds.

For those interested in trading cryptocurrency on BitMEX, the official BitMEX website provides an introduction to the platform. It emphasizes offering over 45 perpetual swaps and futures contracts, catering to P2P crypto-products trading. BitMEX also offers APIs for developers to build applications on top of their platform. The website highlights industry-leading security measures to protect user funds and operates under HDR Global Trading Limited ownership and terms of service.

Important Links Related to BitMEX