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BitMEX

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BitMEX

BitMEX is a cryptocurrency derivatives trading platform that was launched in 2014. The platform allows users to trade futures and perpetual contracts on various cryptocurrencies, including Bitcoin, Ethereum, and XRP. BitMEX is known for offering high leverage up to 100x, which can amplify gains and losses.

BitMEX’s trading engine is designed to handle a large volume of trades and offers real-time trading, price discovery, and risk management tools. The platform also offers advanced trading features, such as the ability to set stop-loss orders and take-profit orders.

In October 2020, BitMEX was charged by the US Commodity Futures Trading Commission (CFTC) and the Department of Justice (DOJ) for violating anti-money laundering and know-your-customer regulations. As part of the settlement, BitMEX agreed to pay a $100 million civil penalty and implement various compliance measures.