BitMEX Exchange: Trade Bitcoin and Crypto Futures with Leverage

BitMEX Exchange: Trade Bitcoin and Crypto Derivatives with Leverage

BitMEX (Bitcoin Mercantile Exchange) is a popular cryptocurrency derivatives exchange that was founded in 2014 by a team of experienced traders and financial professionals. It offers margin trading and futures contracts for multiple cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. BitMEX is known for its high leverage options, advanced trading features, and fast order execution, making it a popular choice among professional traders and institutions. The exchange is also known for being one of the most liquid and highly traded cryptocurrency exchanges in the world. However, its use of high leverage can be risky and may not be suitable for all traders.

BitMEX Exchange: The Ultimate Guide

BitMEX, an acronym for Bitcoin Mercantile Exchange, is a renowned cryptocurrency derivatives trading platform. Established in 2014 by Arthur Hayes, Samuel Reed, and Ben Delo, BitMEX has been a leader in leveraging and derivatives trading of cryptocurrencies. In this guide, we will explore the key aspects of BitMEX, including its history, features, trading options, and more.

A Brief History

BitMEX was founded with the vision of creating a platform that is dedicated to the trading of cryptocurrency derivatives. Since its inception, it has gained popularity for allowing traders to leverage up to 100x on certain contracts, and remains a prominent platform for experienced traders.

Key Features of BitMEX

Leverage: BitMEX is known for offering high leverage, sometimes up to 100x on Bitcoin contracts. This allows traders to multiply their exposure to market movements.
Range of Contracts: BitMEX offers a variety of derivative contracts including perpetual contracts, futures, and swaps.
Security: The platform employs multi-signature deposits and withdrawal schemes, and all the balances are audited by the team.
Trading Engine: BitMEX boasts a highly reliable trading engine with ultra-low latency, essential for the fast-paced nature of derivatives trading.

Understanding the Contracts

BitMEX offers several types of derivative contracts:

Perpetual Contracts: Similar to futures contracts but without an expiry date, allowing positions to be held indefinitely.
Futures Contracts: Agreements to buy or sell an asset at a predetermined price at a specified time in the future.
Traditional Swaps: Contracts that allow users to swap the returns of one asset for the returns of another.

BitMEX Fees and Charges

BitMEX employs a maker-taker fee structure. Makers, who add liquidity to the market, usually get rebates. Takers, who match orders, pay a fee. The fee structure can vary depending on the contract being traded.

How to Start Trading on BitMEX

Register: Users need to create an account by providing an email address and creating a password.
Deposit: Once registered, users can deposit Bitcoin into their BitMEX wallet.
Trade: After depositing, users can begin trading various contracts offered by BitMEX.

Legal and Regulatory Issues

In October 2020, the US Commodity Futures Trading Commission (CFTC) filed a civil enforcement action against BitMEX for operating an unregistered trading platform and violating anti-money laundering regulations. This has led BitMEX to make significant changes in its compliance measures.

Pros and Cons

Pros	Cons
High leverage options	Not suitable for beginners
Wide range of contracts	Past regulatory issues
Robust trading engine	Only accepts Bitcoin deposits

"BitMEX is an advanced trading platform that offers high-risk, high-reward opportunities, but it is not for the faint-hearted."

BitMEX is a formidable player in the cryptocurrency derivatives space. However, due to its high leverage and complex nature of trading, it is primarily suited for experienced traders. It is essential to conduct thorough research and understand the risks involved before trading on BitMEX or any other derivatives platform.

All coins available for trading on BitMEX

rank	coin	price $	market cap $	volume 24h $	% 24h	% 7d
1	Bitcoin	94966.31 ↓	1,882,930,614,813	47,448,879,175	-3.51	-2.32
2	Ethereum	2628.83 ↓	316,941,846,440	29,630,107,909	-4.31	-3.5
3	Tether	0.99938 ↓	142,125,546,200	106,180,286,443	-0.13	-0.09
4	BNB	641.63 ↓	91,417,827,985	1,909,449,933	-2.15	-3.31
5	USD Coin	0.99994 ↓	57,245,096,161	10,551,823,504	-0.03	-0.01
6	XRP	2.52 ↓	145,995,842,824	5,609,485,543	-6.54	-8.14
7	Cardano	0.75421 ↓	26,551,943,430	908,691,884	-6.42	-6.53
8	Dogecoin	0.23791 ↓	35,245,059,478	1,856,048,440	-6.41	-13.14
9	TRON	0.23569 ↓	20,289,216,587	651,721,887	-4.15	1.47
11	Polygon	0.29436 ↓	563,344,030	5,479,506	-3.88	-8.91
12	Litecoin	125.86 ↓	9,509,534,485	2,123,423,114	-2.59	-0.92
13	Polkadot	5.02 ↓	7,788,997,717	313,408,485	-0.28	-3.96
14	Toncoin	3.53 ↓	8,805,923,779	204,813,776	-2.66	-8.24
18	Shiba Inu	0.0000150 ↓	8,819,025,928	243,039,123	-3.72	-10.43
19	Avalanche	24.03 ↓	9,946,497,529	590,215,474	-4.51	-8.59
22	Cosmos	4.74 ↓	1,852,608,571	154,537,580	-4.38	-4.36
23	Chainlink	17.24 ↓	10,998,786,659	624,287,643	-5.91	-10.84
24	Uniswap	8.70 ↓	5,223,433,686	296,245,746	-6.56	-13.5
25	OKB	48.54 ↓	2,912,133,409	4,815,268	-2.25	-6.81
26	Monero	230.55 ↓	4,252,893,972	66,579,535	-0.19	0.36
27	Ethereum Classic	20.03 ↓	3,021,265,695	180,429,983	-4.14	-6.67
28	Stellar	0.32210 ↓	9,873,616,524	261,130,174	-6.55	-8.08
29	Bitcoin Cash	311.66 ↓	6,181,004,815	271,476,538	-4.09	-9.06
31	Filecoin	3.27 ↓	2,083,124,940	199,438,018	-6.69	-7.72
32	Lido DAO	1.60 ↓	1,432,921,246	268,783,528	-9.96	-14.17
34	Aptos	5.98 ↓	3,516,210,037	340,680,889	-5.46	-2.75
36	Cronos	0.08251 ↓	2,192,378,168	20,210,713	-4.41	-9.5
38	NEAR Protocol	3.25 ↓	3,851,185,968	262,941,651	-6.41	-8.61
39	VeChain	0.03105 ↓	2,514,764,410	61,867,527	-5.58	-11.94
46	ApeCoin	0.68440 ↓	515,113,658	82,862,719	-2.7	-8.45
48	Fantom	0.69900 ↓	1,959,733,875	78,825,344	-0.59	-14.58
49	Optimism	1.09 ↓	1,765,540,446	223,079,422	-6.19	-6.35
50	Aave	241.17 ↓	3,636,548,481	386,633,683	-8.13	-8.47
53	The Sandbox	0.34665 ↓	854,270,362	114,163,681	-7.28	-14.85
55	EOS	0.61100 ↓	945,847,702	95,434,654	-5.63	-8.6
56	Tezos	0.86356 ↓	890,654,118	31,837,823	-3.49	-5.69
59	Decentraland	0.31148 ↓	604,971,429	71,860,903	-4.25	-8.68
60	Axie Infinity	4.18 ↓	663,332,326	47,162,128	-4.97	-8.36
65	Terra Classic	0.0000730 ↓	400,308,428	18,643,096	-3.5	-8.62
68	Injective	15.24 ↓	1,508,505,202	150,456,809	-2.96	-0.7
72	Klaytn	0.12777 ↓	0	301,753	-2.36	-3.95
81	GMX	19.38 ↓	193,564,814	16,423,240	-1.32	-5.85
83	Zcash	34.68 ↓	550,987,000	75,448,470	-5.67	4.67
88	Mina	0.34707 ↓	422,104,904	51,945,008	-2.08	-3.85
90	Dash	26.50 ↓	322,040,869	50,761,535	-3.08	-5.51
92	WOO Network	0.11837 ↓	220,660,489	16,642,924	-4.38	-11.44
98	Gnosis	172.96 ↓	447,507,614	8,481,427	-5.36	-2.41
99	Flare	0.01992 ↓	1,176,853,166	11,279,520	-1.49	-7.33
101	dYdX	0.77062 ↓	158,666,345	27,374,697	-4.32	-4.94
107	Blur	0.13896 ↓	307,846,458	57,148,737	-2.1	-3.71
115	Qtum	3.05 ↓	321,930,634	71,424,879	-6.66	-9.94
127	yearn.finance	5790.38 ↓	195,459,766	31,846,379	-1.72	-5.48
128	STEPN	0.06741 ↓	181,834,112	59,510,792	-4.06	-9.52
134	JUST	0.03325 ↓	329,224,246	45,846,650	-3.02	-0.02
137	Terra	0.24577 ↓	174,494,094	29,866,128	-4.48	-9.45
144	Fetch.ai	0.74864 ↓	1,788,979,333	157,065,849	-3.01	-6.94
151	Hive	0.32463 ↓	162,560,363	12,789,066	-4.86	0.46
153	Moonbeam	0.12726 ↓	120,909,443	8,033,333	-3.94	-5.67
158	SushiSwap	0.86735 ↓	229,445,483	56,543,873	-4.67	-8.37
168	DAO Maker	0.21714 ↓	42,507,721	1,901,546	-3.07	-12.63
169	TerraClassicUSD	0.01623 ↓	90,204,170	13,110,927	-6.83	-7.74
174	Axelar	0.46561 ↓	428,099,050	15,682,398	-7.02	-5.08
189	Lisk	0.73822 ↓	123,275,051	17,695,584	-4.87	-3.94
191	MiL.k	0.20303 ↓	87,981,568	2,148,238	-2.21	-1.75
192	Ribbon Finance	0.20214 ↑	19,599,439	49,266	2.1	-3.31
196	Galxe	1.33 ↓	10,056,632	264,363	-7.69	3.3
212	Radix	0.01147 ↓	122,436,670	3,038,772	-3.76	-2.65
214	Tether Gold	2932.97 ↓	723,048,227	4,383,956	-0.08	1.75
218	FTX Token	1.84 ↓	603,768,976	31,404,128	-5.43	-10.61
233	Ordinals	13.00 ↑	273,011,060	154,918,866	1.03	-0.08
281	Polymesh	0.17376 ↓	162,119,034	6,530,197	-3.07	-7.21
287	XPLA	0.05784 ↓	46,988,586	245,875	-2.62	-8.04
299	Orbs	0.02455 ↓	97,934,372	9,789,431	-4.78	-6.37
310	Stratis	0.05604 ↓	0	62,263	-3.55	-6.95
331	Augur	0.63241 ↓	6,956,512	55,864	-2.86	-3.96
352	Loom Network	0.05031 ↓	62,532,775	3,008,567	-3.61	0.07
388	Aergo	0.09121 ↓	43,097,870	6,505,888	-6.38	-0.24
390	MovieBloc	0.00264 ↓	48,316,133	5,002,423	-2.46	-4.58
395	Toko Token	0.28537 ↓	48,132,724	2,694,200	-3.83	-9.95
396	Raydium	4.29 ↓	1,247,322,188	135,816,359	-5.34	-24.37
398	Ark	0.48144 ↓	89,969,343	49,040,992	-3.03	22.49
401	Strike	9.61 ↑	52,606,196	5,118,462	9.13	1.45
478	FirmaChain	0.03768 ↓	36,234,647	1,208,781	-2.34	-7.58
1050	Supreme Finance	0.00160 ↑	2,398,151	306,503	3.7	-24.41
1176	BlueMove	0.02530 ↓	5,501,764	1,352	-7.07	-13.18
2037	FintruX Network	0.00092 ↓	0	5	-4.43	-1.33
2406	Neutron	0.00069 ↓	26,879	0	0	4.59
2622	Wrapped Solana	168.89 ↓	271,101,823	1,488,747,253	-3.32	-16.21
2689	Bonk	0.0000155 ↓	1,196,302,774	116,378,279	-2.83	-17.89
2709	Velodrome Finance	0.06849 ↓	62,166,897	12,019,082	-4.98	-11.14
2755	MEME	0.01124 ↓	0	350,945	-7.64	-21.02
2910	INERY	0.00483 ↓	0	68,582	-2.15	-10.68
3089	DogCoin	0.0000357 ↓	0	0	0	0.27
3268	DfiStarter	0.00088 ↓	0	606	-9.76	-10.86
3311	Acet	0.04014 ↑	50,493,817	1,440,546	0.7	24.46
3407	TryHards	0.00015 ↓	0	0	0	0
3484	Auragi	0.00041 ↑	0	104,663	2.47	2.76
3624	Blast Frontiers	0.0000060 ↓	0	0	0	0
3846	Jupiter	0.00153 ↑	0	3,003	89.84	68.55
4137	Gas DAO	0.0000004 ↓	0	51,861	-1.33	2.82

Other exchanges

crypto exchange	volume 1h, USD	volume 1d, USD	volume 1m, USD	to website
Kraken	90,353,992.26	3,194,313,389.4	69,601,180,496.36	open
Binance	502,824,167.29	9,090,068,510.83	188,021,668,265.13	open
Coinbase Pro	78,884,758.77	1,478,102,740.34	22,867,148,390.71	open
bitFlyer	-	-	-	open
BITHUMB	5,513,327.62	194,320,155.65	3,746,650,476.72	open
coinone	1,264,082.99	42,437,435.2	732,535,158.36	open
Gemini	2,463,829.41	83,701,125	2,274,562,528.5	open
Huobi	-	-	-	open
OKCoin CNY	-	-	-	open
Bittrex	146,814.79	3,073,349,378.36	41,831,266,224,903.31	open
POLONIEX	-	-	-	open
Huobi Global	1,005,400,507.9	10,817,681,562.41	1,360,101,686,184.9	open
BTCCHINA	-	-	-	open
OKCoin USD	4,091.13	176,935.47	291,883,001,246.92	open
OKEx	2,380,445,668.47	39,517,338,303.71	1,612,989,626,930.74	open
HitBTC	19,791,120.51	484,138,429.18	15,830,480,116.63	open
BTCTRADE	-	-	-	open
BitMEX	14,329,036,905,492.24	197,403,901,713,689.7	2,054,120,513,659,246.5	open
Kucoin	49,187,724.63	33,734,801,998.95	335,758,426,170.95	open
Bitstamp Ltd.	10,197,977.42	253,571,571.91	4,223,971,605.89	open
Bitfinex	47,433,631.32	570,925,519.85	12,093,006,594.9	open
itBit	-	-	-	open
Deribit	30,235,002,706.06	337,085,270,147.27	15,634,914,333,459.94	open
Zonda	74,353.37	4,367,998.86	53,941,880.4	open
UPbit Korea	12,981,098.14	623,548,363.3	12,724,526,476.89	open
Bibox	-	-	-	open
Cryptopia	-	-	-	open
coincheck	-	-	-	open
Liqui	-	-	-	open
EXMO	1,300,725.77	34,765,831.99	1,069,026,539.78	open
CHBTC	-	-	-	open
Jubi	-	-	-	open
Zaif	183,300.46	13,424,105.7	131,955,350.2	open
Korbit	-	-	-	open
BTC38	-	-	-	open
mtgox	-	-	-	open
LakeBTC	-	-	-	open
Bleutrade	-	-	-	open
Indodax	61,341.74	1,672,216.47	30,219,455.69	open
Tidex	-	-	599,973,579.58	open
ACX	-	-	-	open
Bitso	753,339.9	33,762,854.45	738,087,388.92	open
LiveCoin	-	-	-	open
MixCoins	-	-	-	open
BirWoX	-	-	-	open
Bter	-	-	-	open
Mercado Bitcoin	147,200.36	3,306,381.85	49,769,880.25	open
Coinnest	-	-	-	open
CEX.IO	108,325.55	3,655,384.99	61,900,913.08	open
The Rock Trading LTD.	-	-	-	open
c-cex	-	-	-	open
BitYes	-	-	-	open
QuadrigaCX	-	-	-	open
BitMarket	-	-	-	open
Luno	476,668.87	7,109,147.56	132,049,996.55	open
BTC Markets Pty Ltd.	111,512.67	4,763,262.88	87,629,217.86	open
Vaultoro	-	-	-	open
BtcBox	526,905.66	13,636,704.02	429,976,542.86	open
Gatecoin	-	-	-	open
GetBTC	-	-	-	open
Allcoin	-	-	-	open
Coin Mate	34,930.03	1,709,950.76	32,490,303.12	open
Independent Reserve	393,178.93	6,817,605.86	138,472,323.92	open
DSX	-	-	-	open
coinfloor	-	-	-	open
Abucoins	-	-	-	open
SouthXchange	5,259,309.71	33,660,999,752.71	20,971,352,852,389,970	open
BTC Trade UA	-	-	-	open
Kraken Futures	2,739,765	48,573,498	790,383,965	open
BitVC.com	-	-	-	open
bt.cx	-	-	-	open
Kuna	-	-	-	open
Braziliex	-	-	-	open
Bit2C	-	-	-	open
FYB-SG	-	-	-	open
YUNBI	-	-	-	open
BitKonan	-	-	-	open
FYB-SE	-	-	-	open
BTCC	-	-	-	open
Coingi	33,408.29	210,153.08	3,291,290.38	open
Novaexchange	-	-	-	open
1Btcxe	-	-	-	open
VBTC.VN	-	-	-	open
Coinsecure	-	-	-	open
Foxbit	-	-	-	open
CHILEBIT	-	-	-	open
URDUBIT	-	-	-	open
TOPBTC	-	-	-	open
ZB	-	-	-	open
Switcheo Network	-	-	-	open
WazirX	64,463.08	1,644,688.63	33,818,560.43	open
Fisco	-	-	-	open
Sistemkoin	-	-	-	open
DDEX	-	-	-	open
IDCM	-	-	-	open
Bgogo	-	-	12,616.25	open
RIGHTBTC	-	-	-	open
Bitsane	-	-	-	open
Satang Pro	-	-	-	open
FreiExchange	-	-	-	open
Stronghold	-	-	-	open
Bitmax	1,944,631,440.37	17,968,911,810.15	9,483,205,430,572,956	open
Waves Decentralized Exchange	-	-	-	open
TokTok	-	-	-	open
55 Global Markets	-	-	-	open
Bitibu	-	-	-	open
InfinityCoin Exchange	-	-	-	open
CoinFalcon	-	-	-	open
Coinsquare	-	-	-	open
GOPAX	-	-	-	open
Heat Wallet	-	-	-	open
Kyber Network	-	-	-	open
Graviex	109.89	136,767,202,443	403,601,626,471,669,500	open
FatBTC	-	-	-	open
bitFlyer Lightning	5,165,206.39	121,225,725.59	2,019,774,576.8	open
STEX	-	-	-	open
CryptoBridge	-	-	-	open
Bitbank	1,898,792.03	66,204,332.73	1,221,150,150.91	open
CoinMex	-	-	-	open
Neraex	-	-	-	open
AidosMarket	-	-	-	open
BITKER	-	-	-	open
Coins Pro	-	-	-	open
MODIAX	-	-	-	open
DEx.top	-	-	-	open
LXDX	-	-	-	open
iCE3X	-	-	-	open
ezBtc	-	-	-	open
CoinJar	-	-	-	open
DragonEX	-	-	-	open
Buda	-	-	-	open
Ethfinex	-	-	-	open
EXX	-	-	-	open
LocalTrade	71,004,449.93	1,493,092,412.2	41,020,439,266.05	open
Bithesap	-	-	-	open
Cashierest	-	-	-	open
BHEX	-	-	-	open
Tidebit	-	59,250.24	685,357.4	open
BigONE	30,223,741.45	695,329,874.08	31,059,033,373.06	open
XS2	-	-	-	open
Gatehub	-	-	-	open
Kryptono	-	-	-	open
YunEx	-	-	-	open
COBINHOOD	-	-	-	open
Instant Bitex	-	-	-	open
CryptalDash	-	-	-	open
CryptoMarket	-	-	-	open
FCoin	-	-	-	open
BW	-	-	46,397.76	open
CRXzone	-	-	-	open
MERCATOX	-	-	-	open
GDAC	108,155.8	2,633,610.61	81,860,941.92	open
Bisq	-	-	-	open
OceanEx	1,207,664.52	31,822,959.27	822,310,668.94	open
ExtStock	-	-	-	open
Lykke	215.76	225,953.23	11,392,005.93	open
GuldenTrader	-	-	-	open
BitcoinTrade	-	-	-	open
Huobi DM	1,779,467,495.87	23,484,196,110.89	483,887,976,359.2	open
C-Patex	-	-	-	open
Cryptomate	-	-	-	open
Crypton	-	-	-	open
Coinall	-	-	-	open
Bitkub	539,105,730.9	42,606,882,685.85	869,936,712,600.01	open
Zebpay	-	-	-	open
CHAOEX	-	-	-	open
Coinhub	-	-	-	open
Coinsbit	648,178,048.61	19,936,505,926.9	1,162,185,796,838.48	open
ANXPro	-	-	-	open
BTC-Alpha	-	-	-	open
UEX	-	-	-	open
Xena Exchange	-	-	-	open
Coinrate	-	-	-	open
LiteBit.eu	-	-	-	open
DigiFinex	1,297,889,598.74	35,576,044,616.3	1,263,421,715,269.09	open
Cat.Ex	305,782.14	7,376,954.94	1,555,197,390.5	open
Coinlim	-	-	-	open
LATOKEN	1,346,170.31	40,065,522.93	22,467,500,059,962.35	open
Dcoin	-	-	-	open
COSS	-	-	-	open
Bitinka	-	-	-	open
ISX	-	-	-	open
Tokenomy	-	-	-	open
CoinsBank	-	-	-	open
Koinim	-	-	-	open
Negocie Coins	-	-	-	open
Stellarport	-	-	-	open
DOBI	-	-	-	open
CoinCorner	-	-	-	open
TradeOgre	19,461,201,603.13	466,074,671,818.39	187,165,175,250,258,700,000	open
IDAX	-	-	-	open
CoinBene	-	-	-	open
Hadax	-	-	-	open
SeedCX	-	-	-	open
LBank	1,299,655,579,933.51	46,787,602,132,944.59	2,877,357,285,931,114	open
Allbit	-	-	-	open
C2CX	-	-	-	open
xBTCe	-	-	-	open
CoinSpot	-	-	-	open
CPDAX	-	-	-	open
CoinZest	-	-	-	open
Cryptonex	-	-	-	open
CoinPlace	-	-	-	open
Binance Jersey	-	-	-	open
Vebitcoin	-	-	-	open
Bitrabbit	-	-	-	open
Koineks	-	-	-	open
BitMart	-	-	49,613,395,428,461,970	open
Trade Satoshi	-	-	-	open
CoinTiger	-	-	-	open
Radar Relay	-	-	-	open
Exrates	-	-	-	open
Trade.io	-	-	-	open
BBX	-	-	-	open
Coinut	1,455.03	54,119.04	4,807,534.21	open
Coindeal	-	-	-	open
Cryptology	2,954,244.13	49,054,188.01	988,186,833.43	open
ABCC	-	-	-	open
Rfinex	-	-	-	open
Bitbns	-	-	-	open
Bitex.la	-	-	-	open
Nocks	-	-	-	open
BitShares Asset Exchange	-	-	-	open
BCEX	-	-	-	open
SIMEX	-	-	-	open
Crex24	-	-	-	open
Bitrue	-	-	-	open
BitForex	638,607,939,775.57	13,071,274,584,754.07	569,912,082,923,981.9	open
BTC-e	-	-	-	open
YObit	115,914,238,901.84	3,519,561,319,214.73	7,536,488,398,464.74	open
Gate.io	26,476,452,860,590,824	649,168,688,929,442,600	19,254,978,731,058,377,000	open
BX Thailand	-	-	-	open
Bitlish	-	-	-	open
Token Store	-	-	-	open
Indodax	136,607.57	10,506,027,800,979,844	1,017,454,926,642,614,100	open
Bit-Z	-	-	-	open
ZBG	-	-	-	open
Bilaxy	-	-	-	open
WexNz	-	-	-	open