What is BitMEX?
BitMEX (Bitcoin Mercantile Exchange) is a cryptocurrency derivatives exchange that allows users to trade various cryptocurrency contracts, including perpetual swaps and futures. It is known for offering high leverage on trades.
Who is the Founder?
BitMEX was co-founded by Arthur Hayes, Ben Delo, and Samuel Reed.
When Did It Start Operations?
BitMEX began operations in 2014.
Where Is It Based?
BitMEX is headquartered in Seychelles.
In Which Countries Is It Banned?
BitMEX has faced regulatory scrutiny in various countries, including:
- United States: BitMEX does not allow U.S. residents to use its platform due to regulatory restrictions.
- Other Countries: Various jurisdictions may impose regulations limiting access to BitMEX’s services.
What Is the Trading Fee?
BitMEX’s trading fees generally include a maker fee of -0.025% (which means makers earn a small rebate) and a taker fee of 0.075%. Fees can vary based on trading volume.
Is Margin Trading Available?
Yes, BitMEX specializes in margin trading and offers high leverage, allowing users to amplify their trading positions significantly. This feature comes with increased risk due to the potential for liquidations.
