FSARegulated
Seychelles Crypto Asset Exchange License (CEX)
BitMEX
Stop of Business
Regulated in Seychelles
Crypto Asset Exchange License (CEX)
Global Business
Basic Information
Country/RegionSeychelles
Exchange AbbreviationBitMEX
Company NameHDR Global Trading Limited
Operating Period10-15 years
Websitehttps://www.bitmex.com/
Exchange TypeCentralized Exchange
RiskNotice
2 risk alerts
- License No.
- Unreleased
- 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 75.40%
16 /100
$844,780,000
BTC$740.70M
Capital flows
Exchanges with 24H outflows exceeding 68.08%
16 /100
-$4,761,189.57
0.56% StableTrading Volume
Exchanges with 24H trading volume exceeding --
0 /100
$155.88
92.02% | Currency/Name | Trade | Unit Price | Change | 24H Vol | +2%/-2% Market Depth | Liquidity |
|---|---|---|---|---|---|---|
 | XBT/USDT | $77,100.00 | 2.46% | $237.2 | $0.00/$0.00 | 1 |
| ETH/USDT | $2,504.00 | 1.19% | $47.5 | $0.00/$0.00 | 1 |
| BMEX/USDT | $0.00015 | 31.81% | $4.42 | $0.00/$0.00 | 1 |
| XRP/USDT | $1.63 | 0.01% | $0 | $0.00/$0.00 | 1 |
| RLUSD/USDT | $0.95 | 0.01% | $0 | $0.00/$0.00 | 1 |
| SOL/USDT | $111.94 | 0.01% | $0 | $0.00/$0.00 | 1 |
| XAUT/USDT | $4,466.86 | 0.01% | $0 | $97.47/$51.15K | 209 |
Exchange Overview
Exchange Overview
What Is BitMEX?
BitMEX is a 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 and margin trading.
The platform claims to stand out from the competition due to deep liquidity for Bitcoin perpetuals, 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 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/perpetual 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: 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.
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News
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BitMart Accused of Running Away and Blocking Withdrawals? “Debt Recovery Alliance” Formed: Users Dem
Recently, a former BitMart employee publicly exposed allegations on X, claiming that BitMart‘s collapse was a premeditated scheme to take users’ funds and disappear. According to the claims, before its alleged shutdown, BitMart used high-yield financial products to attract and collect approximately 40 million USDT from users. The platform has since reportedly refused withdrawal requests, especially large withdrawals. Even former employees allegedly had their crypto assets locked, while the company also refused to pay employee compensation and delayed some salary payments. It can be said that BitMart has severely damaged its reputation this time — allegedly even betraying its own employees. If insiders cannot withdraw their funds, can ordinary users still expect to get their assets back？ Even more controversially, some allegations claim that BitMarts executives are planning to move to WooxPro and repeat the same alleged fund-raising and exit strategy. A crypto blogger on X claimed that the BitMart incident has already been officially filed for investigation and is highly likely to be treated as a landmark case. Exposé on X (Source: @silencefisher) Users affected by BitMart‘s withdrawal restrictions have now begun organizing themselves and forming a “Debt Recovery Alliance” to demand the return of their assets. This matter is unlikely to end anytime soon.
August Crypto Market Calendar: Will the “July Up, August Down” Curse Return? Will BTC Start with “5”
Bitcoin closed July with an approximate 7.26% gain (according to Binance data), injecting a much-needed boost of confidence into a market that had remained sluggish for an extended period. However, as the calendar turns to August, a long-standing “curse” in the crypto market begins to resurface — August has historically been one of Bitcoins worst-performing months. As shown below: Summary:August has historically been one of Bitcoins weakest-performing months. Over the past 13 years, BTC recorded 5 monthly gains and 8 monthly declines in August. The median return was -6.99%, making August the only month with a negative median return among all calendar months. Looking back at historical data, July has long been regarded as one of Bitcoin‘s stronger-performing months, often featuring a pattern of an early-month pullback followed by a rapid recovery. However, for investors, the key question is: after July’s rally, will August become a month of profit-taking and market correction？ A market saying that has circulated for years is: “July pumps, August dumps.” Will this seasonal pattern repeat itself in 2026？ Can Bitcoin continue pushing toward new highs, or will it face another round of deep correction？ The more direct question is: By the end of August, will Bitcoin hold above the $50,000
High Fed Rates Trigger Crisis Fears: Is the Global Economy Breaking Down? Will Crypto Crash Again?
At 2:00 a.m. Beijing time on July 30, the Federal Reserves interest rate decision was announced: the Fed kept rates unchanged at 3.50%–3.75%, marking the fifth consecutive meeting this year in which it has held rates steady. Starting from July 2023, when the Federal Reserve completed 11 rate hikes and raised interest rates from near-zero levels to 5.25%–5.50%, the Fed has maintained a high-rate environment for 36 months. Historically, during the previous tightening cycle (2004–2006), the Feds peak interest rate level lasted only around 24 months before the 2008 financial crisis erupted. Todays interest rate curve shows striking similarities to the period before the 2008 crisis, as illustrated in the chart below: Federal Reserve Interest Rates Since the 21st Century (Source: Macromicro) Among the 15 major financial crises over the past century, 12 occurred within one year after the Federal Reserve entered a rate-hiking cycle. The current high-interest-rate environment has already lasted 36 months, far exceeding the historical 18-month critical cycle, meaning delayed impacts have been accumulating for a long time. Now, as the “canary in the coal mine” of global financial markets, South Koreas stock market has triggered full-market circuit breakers nine times this year. In July alone, it plunged approximately 33%, marking the
