Crypto is Changing, and BitMEX is Changing With It
Our CEO Alex Höptner writes on the company’s resolution to the United States CFTC and FinCEN matters, and what’s next for BitMEX.
Read it here: https://bit.ly/3CBQKJN
Our CEO Alex Höptner writes on the company’s resolution to the United States CFTC and FinCEN matters, and what’s next for BitMEX.
Read it here: https://bit.ly/3CBQKJN
Reminder - Scheduled Downtime for 12 August
Please be reminded that we will temporarily halt trading on the BitMEX platform on Thursday, 12 August at 02:15 UTC to facilitate a major upgrade to our operating system. From this time, any order actions will be rejected. Deposits made will be queued for processing.
The system will be online again in cancel-only mode from approximately 03:10 UTC. Order cancel requests and deposits will be processed normally. Continuous trading will recommence from approximately 03:15 UTC.
From the halt of trading until continuous trading resumes, there will be no Mark Price updates and hence no liquidations.
For more information, please see our blog: https://bit.ly/3lS3kyF
Please be reminded that we will temporarily halt trading on the BitMEX platform on Thursday, 12 August at 02:15 UTC to facilitate a major upgrade to our operating system. From this time, any order actions will be rejected. Deposits made will be queued for processing.
The system will be online again in cancel-only mode from approximately 03:10 UTC. Order cancel requests and deposits will be processed normally. Continuous trading will recommence from approximately 03:15 UTC.
From the halt of trading until continuous trading resumes, there will be no Mark Price updates and hence no liquidations.
For more information, please see our blog: https://bit.ly/3lS3kyF
Reminder - [Mainnet] Scheduled Temporary Downtime in One Hour
Please be reminded that we will temporarily halt trading in our production (Mainnet) environment in one hour (Thursday, 12 August at 02:15 UTC) to facilitate a major upgrade to our operating system. From this time, any order actions will be rejected. Deposits made will be queued for processing.
The system will be online again in cancel-only mode from approximately 03:10 UTC. Order cancel requests and deposits will be processed normally. Continuous trading will recommence from approximately 03:15 UTC.
From the halt of trading until continuous trading resumes, there will be no Mark Price updates and hence no liquidations.
For more information, please see our blog: https://bit.ly/3CG80Og
Please be reminded that we will temporarily halt trading in our production (Mainnet) environment in one hour (Thursday, 12 August at 02:15 UTC) to facilitate a major upgrade to our operating system. From this time, any order actions will be rejected. Deposits made will be queued for processing.
The system will be online again in cancel-only mode from approximately 03:10 UTC. Order cancel requests and deposits will be processed normally. Continuous trading will recommence from approximately 03:15 UTC.
From the halt of trading until continuous trading resumes, there will be no Mark Price updates and hence no liquidations.
For more information, please see our blog: https://bit.ly/3CG80Og
Completed – [Mainnet] Scheduled Temporary Downtime 12 August 2021
Our scheduled upgrade today was completed successfully, with trading resuming at 03:35 UTC.
Thank you to our users for their understanding.
If you have any questions, please contact Support: www.bitmex.com/support
Our scheduled upgrade today was completed successfully, with trading resuming at 03:35 UTC.
Thank you to our users for their understanding.
If you have any questions, please contact Support: www.bitmex.com/support
Incident title: Latency and Issues with Execution Updates on Websocket
Incident time: August 18, 2021 - 05:57 UTC
Incident status: Investigating
Details: We are aware of some users experiencing elevated latency and issues with execution updates via Websocket. We're working to address this as quickly as possible and we apologise for any inconvenience this may be causing. More updates to follow.
BitMEX.com - WebSocket API - Degraded Performance
Incident time: August 18, 2021 - 05:57 UTC
Incident status: Investigating
Details: We are aware of some users experiencing elevated latency and issues with execution updates via Websocket. We're working to address this as quickly as possible and we apologise for any inconvenience this may be causing. More updates to follow.
BitMEX.com - WebSocket API - Degraded Performance
Incident title: Elevated Latency and Issues with Execution Updates on Websocket
Incident time: August 18, 2021 - 06:03 UTC
Incident status: Resolved
Details: We’ve implemented a fix; issues with elevated latency and missing execution updates between 04:37 - 05:57 UTC via Websocket have been resolved. We apologise for the inconvenience caused. Please contact Support for any further questions
BitMEX.com - WebSocket API - Operational
Incident time: August 18, 2021 - 06:03 UTC
Incident status: Resolved
Details: We’ve implemented a fix; issues with elevated latency and missing execution updates between 04:37 - 05:57 UTC via Websocket have been resolved. We apologise for the inconvenience caused. Please contact Support for any further questions
BitMEX.com - WebSocket API - Operational
Increased Trader Rewards: Revamp of BitMEX Fee Structures
Effective immediately, the BitMEX Taker Fee has been lowered from 7.5bps (0.075%) to 5bps (0.05%) on all BitMEX products.
Meanwhile, the Maker Rebate has been adjusted from 2.5bps (0.025%) to 1bp (0.01%) across BitMEX.
Lower Taker Fees will apply to traders who qualify for higher tiers by reaching volume thresholds calculated using a 30-day Rolling ADV (“Average Daily Volume”).
For more information, please see our blog: https://bit.ly/3ASE9jL
Effective immediately, the BitMEX Taker Fee has been lowered from 7.5bps (0.075%) to 5bps (0.05%) on all BitMEX products.
Meanwhile, the Maker Rebate has been adjusted from 2.5bps (0.025%) to 1bp (0.01%) across BitMEX.
Lower Taker Fees will apply to traders who qualify for higher tiers by reaching volume thresholds calculated using a 30-day Rolling ADV (“Average Daily Volume”).
For more information, please see our blog: https://bit.ly/3ASE9jL
Crypto Trader Digest - Rock, Paper, Scissors Says GO!
Do you prefer to spend your hard-earned cash in the meatspace or the metaverse?
Whether you flex with Balenciagas or Ether Rocks, you’re going to enjoy Arthur dropping his perspective on the NFT craze in the latest Crypto Trader Digest.
Read it here: https://bit.ly/3j1lNaa
Do you prefer to spend your hard-earned cash in the meatspace or the metaverse?
Whether you flex with Balenciagas or Ether Rocks, you’re going to enjoy Arthur dropping his perspective on the NFT craze in the latest Crypto Trader Digest.
Read it here: https://bit.ly/3j1lNaa
SRMUSDT Quanto Perpetual Contract - Live Now on BitMEX
Introducing our newest listing - the SRMUSDT Quanto Perpetual Swap.
The SRMUSDT Perpetual Swap contract with up to 20x leverage went live at 04:00 UTC on 24 August 2021 and is available to trade on BitMEX now.
Please see our blog for more information: https://bit.ly/3Dbylns
Introducing our newest listing - the SRMUSDT Quanto Perpetual Swap.
The SRMUSDT Perpetual Swap contract with up to 20x leverage went live at 04:00 UTC on 24 August 2021 and is available to trade on BitMEX now.
Please see our blog for more information: https://bit.ly/3Dbylns
100x Ventures Announces Second Tranche Investment in Aluna.Social
100x Ventures is tasked with investing in innovative, emerging platforms that elevate and add value to our growing industry. That’s why earlier this year, we led a seed equity round in Aluna.Social, an up-and-coming social trading terminal that provides a unique, gamified copy-trading experience.
Now, we’re happy to announce that we’ve made a significant second tranche investment in Aluna.Social, deepening our commitment to its long-term growth.
For more details, see our blog here: https://bit.ly/3y7Z1BP
100x Ventures is tasked with investing in innovative, emerging platforms that elevate and add value to our growing industry. That’s why earlier this year, we led a seed equity round in Aluna.Social, an up-and-coming social trading terminal that provides a unique, gamified copy-trading experience.
Now, we’re happy to announce that we’ve made a significant second tranche investment in Aluna.Social, deepening our commitment to its long-term growth.
For more details, see our blog here: https://bit.ly/3y7Z1BP
BitMEX to Remove Binance from the .BXBTEUR Index
Effective 31 August 2021 at 08:00 UTC, we will remove Binance from our .BXBTEUR index. This follows Binance’s decision to suspend euro bank deposits from one of Europe's key payments networks, resulting in a price premium on its platform relative to other index constituents.
All traders should be aware that at the time of the removal, the price of the index may fluctuate substantially. Please exercise caution when trading products referencing the .BXBTEUR index.
The impacted products are:
XBTEUR Perpetual Swap
XBTEURU21 Futures
For more information, please see our blog: https://bit.ly/3sJ4bU3
If you have any further questions, please contact Support: www.bitmex.com/support
Effective 31 August 2021 at 08:00 UTC, we will remove Binance from our .BXBTEUR index. This follows Binance’s decision to suspend euro bank deposits from one of Europe's key payments networks, resulting in a price premium on its platform relative to other index constituents.
All traders should be aware that at the time of the removal, the price of the index may fluctuate substantially. Please exercise caution when trading products referencing the .BXBTEUR index.
The impacted products are:
XBTEUR Perpetual Swap
XBTEURU21 Futures
For more information, please see our blog: https://bit.ly/3sJ4bU3
If you have any further questions, please contact Support: www.bitmex.com/support
Introducing Lower Margin Requirements on Large Positions for XBTUSD and ETHUSD Swaps, plus ADAU21, EOSU21, TRXU21, and XRPU21 Futures
We will increase the risk step on our XBTUSD Swap, ETHUSD Swap, and ADAU21, EOSU21, TRXU21 and XRPU21 Futures as detailed below, effective 31 August 2021 at 06:00 UTC.
- The XBTUSD Swap Risk Step will increase from 100 to 150 XBT
- The ETHUSD Swap Risk Step will increase from 75 to 100 XBT
- The ADAU21, EOSU21, TRXU21 and XRPU21 Futures Risk Step will increase from 50 to 75 XBT
Here’s what it means for BitMEX users:
From 31 August at 06:00 UTC, those who have positions in the above-mentioned contracts with position size greater than the Base Risk Limit and Risk Limit of First Risk Step will be immediately eligible for lower margin requirements.
For more details, please see our blog: https://bit.ly/3gzgZas
We will increase the risk step on our XBTUSD Swap, ETHUSD Swap, and ADAU21, EOSU21, TRXU21 and XRPU21 Futures as detailed below, effective 31 August 2021 at 06:00 UTC.
- The XBTUSD Swap Risk Step will increase from 100 to 150 XBT
- The ETHUSD Swap Risk Step will increase from 75 to 100 XBT
- The ADAU21, EOSU21, TRXU21 and XRPU21 Futures Risk Step will increase from 50 to 75 XBT
Here’s what it means for BitMEX users:
From 31 August at 06:00 UTC, those who have positions in the above-mentioned contracts with position size greater than the Base Risk Limit and Risk Limit of First Risk Step will be immediately eligible for lower margin requirements.
For more details, please see our blog: https://bit.ly/3gzgZas
Reduction in Initial and Maintenance Margin for BCHUSD, LTCUSD, TRXUSDT, and SOLUSDT
On 1 September at 04:00 UTC, we will reduce the Base Initial Margin and Base Maintenance Margin requirements for our BCHUSD, LTCUSD, TRXUSDT, and SOLUSDT quanto swaps.
The new Maintenance Margin requirements for BCHUSD, LTCUSD, TRXUSDT, and SOLUSDT will be:
Base Maintenance Margin 1.00%
Base Initial Margin 2.00%
Please see our blog post for further details: https://bit.ly/3BvOzX7
On 1 September at 04:00 UTC, we will reduce the Base Initial Margin and Base Maintenance Margin requirements for our BCHUSD, LTCUSD, TRXUSDT, and SOLUSDT quanto swaps.
The new Maintenance Margin requirements for BCHUSD, LTCUSD, TRXUSDT, and SOLUSDT will be:
Base Maintenance Margin 1.00%
Base Initial Margin 2.00%
Please see our blog post for further details: https://bit.ly/3BvOzX7
Lower Margin Requirements for XBTUSD Swap, ETHUSD Swap, plus ADAU21, EOSU21, TRXU21, and XRPU21 Futures Now ‘Live’
Today at 06:00 UTC, the risk step of XBTUSD Swap, ETHUSD Swap, and ADAU21, EOSU21, TRXU21, XRPU21 Futures are changed as per below.
XBTUSD Swap Risk Step increased from 100 to 150 XBT
ETHUSD Swap Risk Step increased from 75 to 100 XBT
ADAU21, EOSU21, TRXU21, XRPU21 Futures Risk Step increased from 50 to 75 XBT
Users with positions in the above-mentioned contracts with position size greater than the Base Risk Limit and Risk Limit of First Risk Step will immediately be eligible for lower margin requirements.
For more information, please refer to our blog: https://bit.ly/3sYjd8m
Today at 06:00 UTC, the risk step of XBTUSD Swap, ETHUSD Swap, and ADAU21, EOSU21, TRXU21, XRPU21 Futures are changed as per below.
XBTUSD Swap Risk Step increased from 100 to 150 XBT
ETHUSD Swap Risk Step increased from 75 to 100 XBT
ADAU21, EOSU21, TRXU21, XRPU21 Futures Risk Step increased from 50 to 75 XBT
Users with positions in the above-mentioned contracts with position size greater than the Base Risk Limit and Risk Limit of First Risk Step will immediately be eligible for lower margin requirements.
For more information, please refer to our blog: https://bit.ly/3sYjd8m
Quarterly Futures Listings Q4 2021
On 15 September 2021 at 04:00 UTC, BitMEX will list new quarterly Futures.
The new contracts will be visible on the platform from 14 September at 04:00 UTC as Unlisted, 24 hours before the start of trading. Contracts will be live in Testnet on 3 September along with contract specifications.
For the listings and settlements for current and upcoming Futures contracts for Q4 2021, see our blog: https://bit.ly/2UYXEYI
Please note the changes to contract size and minimum trade amount for new linear futures contracts, and update your relevant systems accordingly to avoid any disruption in trading.
If you have any questions, please reach out to our Support team: www.bitmex.com/support
On 15 September 2021 at 04:00 UTC, BitMEX will list new quarterly Futures.
The new contracts will be visible on the platform from 14 September at 04:00 UTC as Unlisted, 24 hours before the start of trading. Contracts will be live in Testnet on 3 September along with contract specifications.
For the listings and settlements for current and upcoming Futures contracts for Q4 2021, see our blog: https://bit.ly/2UYXEYI
Please note the changes to contract size and minimum trade amount for new linear futures contracts, and update your relevant systems accordingly to avoid any disruption in trading.
If you have any questions, please reach out to our Support team: www.bitmex.com/support
BitMEX Appoints Fernando Luis Vazquez Cao to its board as a Non-Executive Director
Another week and another significant step forward in our transformation plan. We’re delighted to announce the appointment of Fernando Luis Vazquez Cao as a Non-Executive Director with immediate effect.
A 20-year veteran of the technology and financial services sectors in Asia Pacific, Fernando is currently CEO of digital asset powerhouse SBI Digital Asset Holdings. With advisory, tokenisation and issuance, digital exchange, and digital custody business lines under his remit, Fernando’s experience will add valuable knowledge to the BitMEX team as we expand our business beyond derivatives.
Read more here: https://bit.ly/3kDQJNC
Another week and another significant step forward in our transformation plan. We’re delighted to announce the appointment of Fernando Luis Vazquez Cao as a Non-Executive Director with immediate effect.
A 20-year veteran of the technology and financial services sectors in Asia Pacific, Fernando is currently CEO of digital asset powerhouse SBI Digital Asset Holdings. With advisory, tokenisation and issuance, digital exchange, and digital custody business lines under his remit, Fernando’s experience will add valuable knowledge to the BitMEX team as we expand our business beyond derivatives.
Read more here: https://bit.ly/3kDQJNC
LIVE - Reduction in Initial and Maintenance Margin for BCHUSD, LTCUSD, TRXUSDT, and SOLUSDT
On 1 September at 04:00 UTC, we reduced the Base Initial Margin and Base Maintenance Margin requirements for our BCHUSD, LTCUSD, TRXUSDT, and SOLUSDT quanto swaps.
The new Maintenance Margin requirements for BCHUSD, LTCUSD, TRXUSDT, and SOLUSDT will be:
Base Maintenance Margin 1.00%
Base Initial Margin 2.00%
Please see our blog post for further details: https://bit.ly/2V7wRJY
On 1 September at 04:00 UTC, we reduced the Base Initial Margin and Base Maintenance Margin requirements for our BCHUSD, LTCUSD, TRXUSDT, and SOLUSDT quanto swaps.
The new Maintenance Margin requirements for BCHUSD, LTCUSD, TRXUSDT, and SOLUSDT will be:
Base Maintenance Margin 1.00%
Base Initial Margin 2.00%
Please see our blog post for further details: https://bit.ly/2V7wRJY
Crypto Trader Digest - JPEG The Jeweller
In the latest edition of Crypto Trader Digest, Arthur delves into emerging trading strategies for NFTs, and how traders will make a market out of anything - did someone say NFT derivatives?
Read it here: https://bit.ly/38yFOz4
In the latest edition of Crypto Trader Digest, Arthur delves into emerging trading strategies for NFTs, and how traders will make a market out of anything - did someone say NFT derivatives?
Read it here: https://bit.ly/38yFOz4
Updates to BitMEX Indices and Quarterly Futures Listings Q4 2021
On 15 September 2021 at 04:00 UTC, BitMEX will list new quarterly Futures. For the listings and settlements for current and upcoming Futures contracts for Q4 2021, see our blog: https://blog.bitmex.com/q4-2021-quarterly-futures-listings/
On 24 September 2021 at 12:00:05 UTC BitMEX will update its indices across all products. The affected indices will be:
.BXBT, .BETH, .BXRP, .BBCH. .BLTC, .BUSDT;
.BETHXBT, .BXRPXBT, .BBCHXBT, .BLTCXBT, .BEOSXBT, .BADAXBT, .BTRXXBT;
.BAAVET, .BADAT, .BATOMT, .BAVAXT, .BAXST, .BBNBT, .BBTTT, .BCHZT, .BCOMPT, .BDENTT, .BDOGET, .BDOTT, .BEOST, .BFILT, .BGRTT, .BICPT, .BKSMT, .BLINKT, .BLUNAT, .BMATICT, .BMKRT, .BNEOT, .BQTUMT, .BRUNET, .BSANDT, .BSHIBT, .BSNXT, .BSOLT, .BSRMT, .BSUSHIT, .BTHETAT, .BTRXT, .BUNIT, .BVETT, .BXLMT, .BXTZT, .BYFIT;
And .BXBTEUR.
Please note that the hypothetical values of the indices with new weights are published as the “NEXT” index family (e.g. .BXBT_NEXT).
Please see our blog: https://blog.bitmex.com/q4-2021-index-weights/ and BitMEX Indices page: https://www.bitmex.com/app/indices for index weights and further details.
On 15 September 2021 at 04:00 UTC, BitMEX will list new quarterly Futures. For the listings and settlements for current and upcoming Futures contracts for Q4 2021, see our blog: https://blog.bitmex.com/q4-2021-quarterly-futures-listings/
On 24 September 2021 at 12:00:05 UTC BitMEX will update its indices across all products. The affected indices will be:
.BXBT, .BETH, .BXRP, .BBCH. .BLTC, .BUSDT;
.BETHXBT, .BXRPXBT, .BBCHXBT, .BLTCXBT, .BEOSXBT, .BADAXBT, .BTRXXBT;
.BAAVET, .BADAT, .BATOMT, .BAVAXT, .BAXST, .BBNBT, .BBTTT, .BCHZT, .BCOMPT, .BDENTT, .BDOGET, .BDOTT, .BEOST, .BFILT, .BGRTT, .BICPT, .BKSMT, .BLINKT, .BLUNAT, .BMATICT, .BMKRT, .BNEOT, .BQTUMT, .BRUNET, .BSANDT, .BSHIBT, .BSNXT, .BSOLT, .BSRMT, .BSUSHIT, .BTHETAT, .BTRXT, .BUNIT, .BVETT, .BXLMT, .BXTZT, .BYFIT;
And .BXBTEUR.
Please note that the hypothetical values of the indices with new weights are published as the “NEXT” index family (e.g. .BXBT_NEXT).
Please see our blog: https://blog.bitmex.com/q4-2021-index-weights/ and BitMEX Indices page: https://www.bitmex.com/app/indices for index weights and further details.
Incident title: REST API Endpoints Issue
Incident time: September 03, 2021 - 11:17 UTC
Incident status: Investigating
Details: We are aware of an issue affecting some REST API endpoints, which is also impacting the charts on the website and some GET requests to the API. Neither the trading engine nor trading requests via the website or API are impacted and all client funds remain safe. We’re investigating this and will provide a further update as soon as possible. We apologise for any inconvenience this may be causing. Please contact Support if you have any further queries.
BitMEX.com - REST API - Degraded Performance
BitMEX.com - WebSocket API - Degraded Performance
BitMEX.com - Web Frontend - Degraded Performance
Incident time: September 03, 2021 - 11:17 UTC
Incident status: Investigating
Details: We are aware of an issue affecting some REST API endpoints, which is also impacting the charts on the website and some GET requests to the API. Neither the trading engine nor trading requests via the website or API are impacted and all client funds remain safe. We’re investigating this and will provide a further update as soon as possible. We apologise for any inconvenience this may be causing. Please contact Support if you have any further queries.
BitMEX.com - REST API - Degraded Performance
BitMEX.com - WebSocket API - Degraded Performance
BitMEX.com - Web Frontend - Degraded Performance