FSAOffshore Regulation
Seychelles Crypto Asset Exchange License (CASP)
BitMEX
Basic Information
Country/RegionSeychelles
Operating Period5-10 years
Company Name--
Contact Number--
Websitehttps://www.bitmex.com/
Exchange AbbreviationBitMEX
RiskNotice
2 risk alerts
- License No.
- Not disclosed
- Regulatory Jurisdiction
- Seychelles
- Licensed Entity
- HDR Global Trading Limited T/A Bitmex
- Effective Date
- 2025-10-14
- Sharing Status
- No
User Feedback
5
BitMEX is a joke. Transaction fees are obvious rackets. Additionally, customer support is never available.
I have a real problem with BitMEX! The trading fees are so expensive that you cannot afford to lose financially!. The interface is still difficult to understand. If compared to other exchanges, it is clearly seen that it is unusually complicated!
The next part is my review as a user of BitMEX. From past experience the trading speed is quite fast, this seems good but the trading fees are really high. Then it must be improved.
The app of bitMEX was unable to load information from 20:10, August 3. It might be due to imitated fraud software or maintenance. The balance was zeroed and users were unable to withdraw.
Asset Reserves
Exchanges with reserves exceeding 75%
15 /100
$1,020,000,000
BTC$922.59M
Capital flows
Exchanges with 24H inflows exceeding 68.33%
3 /100
+$3,436,957.42
0.33% StableTrading Volume
Exchanges with 24H trading volume exceeding 0%
217 /100
$190,630
20.45% 05:0009:0013:0017:0020:0000:0004:00
Official Token
BMEX
BitMEX Token
$0.06
0.44%
24H Vol
$3,257.7
Issue Time
2021-12-21
Crowdfunding Price
$0.57
return on investment
-89.09%
Recently destroyed (pieces)
--
Total destroyed (pieces)
--
| Currency/Name | Trade | Unit Price | Change | 24H Vol | +2%/-2% Market Depth | Liquidity |
|---|---|---|---|---|---|---|
| APE/USDT | $0.13 | 4.50% | 50 | $1.51K/$1.49K | 50 |
| APE/USDT | $0.15 | 4.50% | 0 | $0.00/$0.00 | 0 |
| ARB/USDT | $0.09 | 4.97% | 0 | $0.00/$0.00 | 0 |
| ATOM/USDT | $1.57 | 3.41% | 36 | $2.51K/$2.50K | 36 |
| AVAX/USDT | $6.48 | 0.62% | 0 | $0.00/$0.00 | 0 |
| AXS/USDT | $1 | 1.75% | 38 | $901.08/$198.54 | 38 |
| BCH/USDT | $235.89 | 3.52% | 0 | $0.00/$0.00 | 0 |
| BMEX/USDT | $0.06 | 1.40% | 205 | $705.74/$929.23 | 205 |
| BONK/USDT | $0 | 6.19% | 1 | $0.00/$0.00 | 1 |
| BTC/USDT | $62,642.49 | 3.32% | 587 | $113.95K/$143.60K | 587 |
Exchange Overview
Exchange Overview
What Is BitMEX?
BitMEX is a peer-to-peer ([P2P](https://coinmarketcap.com/alexandria/article/what-is-peer-to-peer-p2p)) cryptocurrency exchange and professional derivatives trading platform founded by HDR Global Trading Limited and registered in Seychelles under the International Business Companies Act. BitMEX stands for Bitcoin Mercantile Exchange. It focuses primarily on advanced investors and seasoned traders who are familiar with the concepts of [leveraged tokens](https://coinmarketcap.com/alexandria/glossary/leveraged-tokens) and [margin trading](https://coinmarketcap.com/alexandria/glossary/margin-trading).
The platform claims to stand out from the competition due to deep liquidity for Bitcoin [perpetuals](https://coinmarketcap.com/alexandria/glossary/perpetual-contracts), a professional trading dashboard, low trading fees, and no deposit or withdrawal fees. BitMEX offers futures and other derivatives, but for beginners, the functionality of the exchange can be complex. On top of that, BitMEX only does crypto-to-crypto trading without the possibility of depositing fiat.
The leveraged trading platform for [Bitcoin](https://coinmarketcap.com/ru/currencies/bitcoin/) traders has reportedly never been hacked. BitMEX claims to keeps encrypted crypto funds in cold storage and offers clients multi-signature wallets. The developers also highlight an MPC system, which enhances the security for the deposit/withdrawal of funds and prevents any actions of intruders.
Who Are the BitMEX Founders?
The project was co-founded by banking experts Arthur Hayes (CEO), Samuel Reed (CTO), and Ben Delo (CSO). Arthur Hayes is an entrepreneur, derivatives trader, and crypto enthusiast. Hayes graduated from the University of Pennsylvania (Wharton School of Business) with a Bachelor of Science in economics and finance. He worked for Deutsche Bank and Citibank as a market maker, discovered an interest in Bitcoin in 2013, became part of BitMEX in 2014, and left the post of CEO of the company in 2020.
When Did BitMEX Launch?
It was established in 2014 in Hong Kong and registered in Seychelles. BitMEX is owned by HDR Global Trading Limited.
BitMEX Restricted Countries
The Seychelles-based exchange is not regulated in the United States, so it's not available to U.S. residents/citizens. Moreover, the exchange does not provide services for accounts located in Cuba, Iran, Syria, North Korea, Crimea and Sevastopol, Donetsk People’s Republic, Luhansk People’s Republic of Ukraine, Kherson Oblast and Zaporizhzhia Oblast, Seychelles, Bermuda, Japan, Ontario Canada, and Quebec Canada.
What Coins Are Supported on BitMEX?
BitMEX is one of the leading crypto derivatives exchanges where users can purchase [futures](https://coinmarketcap.com/alexandria/glossary/futures)/[perpetual](https://coinmarketcap.com/alexandria/glossary/perpetual-contracts) contracts on a wide variety of assets like BTC, ETH, LTC, XRP, SOL, ADA, BCH, BNB, LINK, DOT. The derivatives platform supports more crypto choices than the spot one.
How Much Are BitMEX Fees?
The exchange uses the maker & taker model. The trading fee on BitMEX starts at 0.025%. For spot trading, the fees are 0.01% for makers and 0.075% for takers. As for derivatives, the trading fees are 0.075% for takers, and makers receive a 0.01% rebate. BitMEX accepts deposits in Bitcoin and doesn’t charge fees on withdrawals/deposits.
Is It Possible To Use Leverage or Margin Trading on BitMEX?
The exchange presents to investors two types of [margin trading](https://coinmarketcap.com/alexandria/glossary/margin-trading): isolated and cross-margin. The derivatives trading platform offers up to 100x leverage on some of its products. Сustomers can use 20x to 100x leverage, depending on the asset, with BTC offering the highest ratios - up to 1:100.
Feedback 5
This brand has not yet joined WikiBit platform. All feedback is publicly displayed.
Bambang Soeprijanto
BitMEX is a joke. Transaction fees are obvious rackets. Additionally, customer support is never available.
Tong Ritthiphon FT
I have a real problem with BitMEX! The trading fees are so expensive that you cannot afford to lose financially!. The interface is still difficult to understand. If compared to other exchanges, it is clearly seen that it is unusually complicated!
Taraquan
The next part is my review as a user of BitMEX. From past experience the trading speed is quite fast, this seems good but the trading fees are really high. Then it must be improved.
隧道财务
The app of bitMEX was unable to load information from 20:10, August 3. It might be due to imitated fraud software or maintenance. The balance was zeroed and users were unable to withdraw.
BIT1708006098
I withdrew at 21:00 August 2, but did not receive it at 16:00 August 3. I could not contact with the customer service. There were many sellers. But after I transferred my assets to one seller, there was only one seller remained at 23:00 August 2. It increased the withdraw volume more than 8,000, which caused many people failing to meet the withdrawal requirements and unable to withdraw cash. There was no response. They might block us. This fraud platform existed from 2014 and still wasn’t reported.