Bybit, BitMEX, and Bitfinex are among the first crypto firms to help Turkish victims amid the devastating earthquake.
BitMEX is one of the most popular Bitcoin margin trading exchanges. It’s a crypto platform that allows users to trade Bitcoin, as well as other popular cryptocurrencies with high leverage of up to 100x.
Margin trading enables traders to borrow money from the exchange and place positions with leverage much higher than what they actually have in their trading balance.
This comes with a lot of benefits, such as the fact that it can seriously amplify profits, and it takes away the need to store large amounts of cryptocurrency on the exchange (from security reasons). However, it’s also a lot riskier, and it can cause severe and quick losses of capital, so it has to be practiced with extreme care.
BitMEX is owned by HDR Global Trading Limited, which is registered in Seychelles. It has offices across the world and is headquartered in Hong Kong. It was founded by Arthur Hayes, Ben Delo, and Samuel Reed back in 2014.
The exchange uses the so-called perpetual future contracts which are different from traditional Bitcoin futures contracts. Unlike the latter, the former can be terminated at any point, allowing traders to enter and exit their positions whenever they want to instead of having to wait for a settlement date. Of course, users can also take advantage of traditional contracts with a pre-determined settlement date.
Recent BitMEX News
The court filing argued that Höptner's termination was "wholly wrongful and without basis."
It's been quite a year for crypto employees as nearly all major companies in the industry have slashed their workforce
The cryptocurrency derivatives exchange BitMEX will supposedly be the latest industry company to lay off a part of its staff.
BitMEX's former head of business development pleaded guilty to charges that he failed to implement stringent KYC/AML rules.
Rumblings within the Chinese Ethereum mining community could mean that a proof of work-based Ethereum could live on after the
BitMEX research argues that the Bitcoin community pushed developers toward other ecosystems in 2014 due to its highly conservative mindset.
The listing of BMEX is a top priority, and the ‘milestone’ will be achieved soon, BitMEX said.
Even as Bitcoin and several cryptocurrencies regained some ground after a tumultuous week, the market remains fairly volatile.
Delo had pleaded guilty to a single count of violating the Bank Secrecy Act (BSA) back in February.