On 16 March 2022 at 04:00 UTC, we will be listing new quarterly Futures on BitMEX. The new contracts will be visible on the platform from 15 March at 04:00 UTC as Unlisted, 24 hours before the start of trading. Please see the table below for the listing and settlement dates of current and upcoming...Read More
On 25 March 2022 at 12:00:05 UTC, BitMEX will update its index weights. From today onwards, the hypothetical values of indices with their new weights will be published as the “NEXT” index family (e.g. .BXBT_NEXT). As of 25 March 2022 at 12:00:05 UTC, assuming no constituent exchanges have been excluded due to Index Protection Rules,...Read More
The United States Department of Justice (DOJ) has revealed that the founders of the Seychelles-based cryptocurrency exchange BitMEX – Arthur Hayes and Benjamin Delo – had pled guilty of violating the Bank Secrecy Act (the BSA). The authorities said the derivatives trading venue was “in effect a money-laundering platform” due to its willful failure to implement...Read More
Popular cryptocurrency derivatives trading platform, BitMEX, has just airdropped 1.5 million BMEX – its new native token – to both old and new users following the release of the BMEX Token Litepaper. BitMEX Rewards Users With BMEX Tokens In a press release shared with CryptoPotato, BitMEX noted that the tokens were gifted to users based...Read More
BXM Operations AG, a subsidiary of the leading crypto derivatives exchange, BitMEX, has recently announced its plans to acquire one of Germany’s oldest banks, Bankhaus von der Heydt (BVDH). According to a press release shared with CryptoPotato on Tuesday, the deal is part of BitMEX Group’s “ambitious goal” of positioning itself as a strong player...Read More
We’re excited to welcome another major addition to our leadership team: Raphael Polansky. As Chief Operating Officer, Raphael is in charge of managing our operations and infrastructure, driving business growth and market expansion, and transforming BitMEX into a full crypto investment ecosystem. Raphael reports directly to our CEO, Alexander Höptner. Prior to joining BitMEX, Raphael...Read More
According to an exclusive press release shared by BitMEX, Tether (USDT) is slated to go live on the crypto exchange on 10th November at 04:00 UTC. With this, the traders can now formally begin margin trading and settle with Tether issued on the Ethereum network, i.e., ERC20-USDT on BitMEX. Diversification in BitMEX’s offerings Extreme price...Read More
After a 10-month long regulatory battle with United States financial watchdogs, leading cryptocurrency derivatives exchange BitMEX has agreed to settle and will pay a fine worth millions of dollars. As confirmed by the exchange today, BitMEX has reached a $100 million resolution with the two U.S. regulators – the Commodity Futures Trading Commission (CFTC) and...Read More
BitMEX has collaborated with AC Milan and will become the soccer team’s Official Sleeve Partner and the Official Cryptocurrency Trading Partner. After the partnership, the logo of the derivatives exchange will be featured on the sleeve of the men’s and women’s playing kit. According to the announcement from August 10th, BitMEX and AC Milan have...Read More
Less than a year after Chainalysis placed BitMEX into its “high risk” cryptocurrency exchanges zone, the company has reversed its decision. The analytics company has conducted an internal review of the derivatives exchanges, which has strived to improve its AML compliance lately. BitMEX faced extreme scrutiny last year when most of its executives at the...Read More
BitMEX announced a $100,000 grant for the Korean-based Bitcoin scaling researcher – Calvin Kim. Furthermore, the crypto derivatives exchange informed about an additional $50,000 donation from its partner – the Human Rights Foundation. BitMEX’s $150K Renewal In a recent statement, the popular Bitcoin derivatives trading venue BitMEX announced it had renewed Calvin Kim’s developer grant...Read More
The executives of the derivatives trading platform – BitMEX – will face trial in March next year. The money laundering case will come 18 months after charges were first filed. The former members of BitMEX can face up to 5 years in prison and a $250,000 fine if found guilty. The Trio Heads to Trial...Read More
After months of complete silence from one of the biggest proponents of cryptocurrencies and arguably one of the most influential people in the industry, Arthur Hayes is back. The former CEO of BitMEX shared his thoughts on some pressing and trending matters – the state of the “crypto capital markets” following the fiasco with GameStop...Read More
The restructuring within the BTC derivatives exchange BitMEX continues with the addition of Wai Kin Chim as an Independent Non-Executive Board Director of 100x Group. Additionally, the former Chief Credit Officer (CCO) at the Bank of China and the company’s recently appointed CEO will join the board of directors as of February 1st. Former Bank...Read More
One of the major cryptocurrency derivatives exchanges, BitMEX, has completed the month-long process of verifying its entire user base. The development comes shortly after the platform said it would provide its clients with faster transactions via a new integration system update. 100% of Volume on the BitMEX Platform Fully Verified In a recent post, BitMEX has...Read More
One of the leading cryptocurrency derivatives exchanges BitMEX has announced the completion of a significant upgrade on its custody system to improve transactions. The update will allow BitMEX to use Bitcoin Core to track users’ BTC deposits and withdrawals, the company said. Important Updates Since Bitcoin Core ZeroMQ notifications trigger the new architecture, deposits will...Read More
Bitcoin, the world’s largest cryptocurrency, is in the news again after American economist and popular crypto-critic Nouriel Roubini claimed that it had no intrinsic value, adding that BTC is heavily manipulated. Taking to Twitter on Thanksgiving Day, the crypto-skeptic, in fact, also went on to blame retail investor FOMO for the latest Bitcoin price drop....Read More
The popular Bitcoin derivatives exchange BitMEX has taken a step towards improving its trade surveillance and AML efficiency endeavors by collaborating with Eventus Systems. Founded in 2013, Eventus is a global provider of multi-asset trade surveillance and market risk solutions. BitMEX will integrate the cloud-based version of the Eventus Validus platform with its already existing...Read More
For BitMEX, it hasn’t been the best of years from a popularity perspective. First, it faced massive criticism during the March 13th crash, when traders lost money due to an alleged DDOS attack, and recently Arthur Hayes, CEO of the exchange faced charges over violation of anti-money laundering policies. It hasn’t been smooth sailing and...Read More
BitMEX has been paying special attention to its clients’ needs as it added more coins to its list of derivatives products. It started expanded its list of Quanto Futures in 2020 with the addition of ETHUSD Quanto Futures back in April, and ever since, other altcoins like Chainlink [LINK] and Tezos [XTZ] have managed to...Read More
Open Interest on Chicago Mercantile Exchange has nearly doubled over the past 30 days. In fact, Aggregate Open Interest across top derivatives exchanges is up by 31%, with the response to Bitcoin’s steep rise in price evident when Deribit, BitMEX, and OKEx’s price charts are analyzed. Aggregate Open Interest || Source: Skew Back in July...Read More
BitMEX, one of the world’s leading Bitcoin margin trading exchanges, appears to be taking major steps to increase its value proposition. In a couple of recent announcements, the exchange said that it’s going to reduce some of its fees while also adding more cryptocurrencies for trading. This comes months after the exchange had to introduce...Read More
Hackers had a field run a couple of days ago, targeting the popular retail-oriented trading application Robinhood. Almost 2,000 Robinhood Markets accounts were compromised in a spree that saw customers’ funds siphoned off, according to a Bloomberg report. Robinhood disclosed that a “limited number” of their customers had been struck by hackers who managed to...Read More
Brainwallets, especially those generated with passphrases from popular culture references, might not be as safe as previously imagined. Pop Culture References Make for Vulnerable Keys According to a report published by BitMEX Research on Oct. 13, brainwallets might be easy to crack with hackers purportedly setting up servers to crawl the blockchain in search of...Read More
Everybody knows the BitMEX situation after its CTO, Samuel Reed was arrested on October 1. The implications of this are wide, however, this article takes a fresh look at the situation from the traders’ perspective. Open Interest [OI] The previous article covered the OI drop seen on BitMEX long before the fiasco involving authorities. However,...Read More
Hester Peirce, the Commissioner of the US Securities and Exchange Commission (SEC) believes that the charges against BitMEX brought by the CFTC were a “loud and clear” message. In a recent podcast, the so-called ‘Crypto Mom’ also noted that a Bitcoin ETF could be beneficial to all parties but didn’t specify if such a product...Read More
Although there was some trouble at the beginning of October, Chainlink [LINK] managed to pick up the pace and witness a 14.87% growth till now. The digital asset given its low correlation with Bitcoin [BTC] was noting strong growth throughout the year, posing as an altcoin-alternative to make a profit and hedge the losses occurring...Read More
100x Group, the organization that owns and operates the popular Bitcoin derivatives platform BitMEX, has appointed a new Chief Compliance Officer – Malcolm Wright. According to the official announcement, Wright will lead the company’s compliance efforts globally. He will assist with BitMEX’s goal to complete its User Verification Programme and to “further enhance our compliance...Read More
11 days have passed since the CFTC issued its indictment against BitMEX’s senior management. However, despite its legal troubles, the popular crypto-exchange continues to operate with respectable daily trading volumes. This fuels the question – How important is BitMEX really to the larger crypto-ecosystem? Now, worst-case scenario, if the accused are found guilty, the exchange’s...Read More
Another week has passed, and it’s safe to say it was an intense one. First things first, the major headline is that the US Commodity and Futures Trading Commission (CFTC) charged the owner-operators of 100x Group, the parent company of BitMEX, with illegally running a derivatives exchange. Needless to say, BitMEX is one of the...Read More
