bitmex00
$bmex
MCAP11.75M
+0.03%

what's bitmex?

BitMEX is a cryptocurrency exchange platform co-founded by Arthur Hayes (@CryptoHayes), who has gained significant attention for his bullish Bitcoin predictions. Hayes forecasts Bitcoin could reach $200,000 by end-2025 and $1 million by 2028, driven by global liquidity, U.S. Treasury buybacks, and Fed monetary policy. He argues traditional 4-year crypto cycles are obsolete and expects the current bull market to extend into 2026. BitMEX actively engages the crypto community through trading competitions (like the Alpha Showdown with 3 BTC prize pool), AMAs, and market analysis. The platform covers various markets including Thailand and provides research on Bitcoin network effects, including analysis of BRC-20 tokens and their impact on fees and transaction verification.

Snapshot

Low market liquidity follows the '1011' crash; BitMEX launched 100x SUI perpetuals and offers incentives.

contract

ethereum

5D ago
ONCHAIN METRICS

Market liquidity reached its lowest level since 2022 following the "1011" crash, with market makers holding unhedged spot positions.

MARKET ACTIVITY

Launched SUI perpetual futures with 100x leverage on BitMEX exchange.

1W ago
MARKET ACTIVITY

Offers incentive program with up to 70,000 USDT in rewards for trading Equity Perps.

1M ago

Partnership with Mercuryo offers 10% cashback on fiat deposits to the platform.

BitMEX sold 7,516 BTC in minutes as part of a coordinated dump with other major exchanges totaling over $2B in Bitcoin sales.

Cipher puzzle contest launches offering 900 BMEX prize for users who like, retweet, and solve the puzzle correctly.

BMEX airdrop promotion launches for users who like, retweet, and comment on their post about the 2019 Taipei debate between CryptoHayes and Professor Roubini.

New BitMEX mobile app launches featuring redesigned UI, swipe-to-close trading feature, and improved home screen for essential trading data access.

Live trading masterclass with trader @crypto_auris scheduled for next week on YouTube channel, featuring a 10,000 $BMEX prize pool competition.

BitMEX partners with Mercuryo to integrate a fiat on-ramp allowing users to buy 25+ cryptocurrencies using credit cards, Google Pay, Apple Pay, or bank transfers, with 10% cashback on first purchases for a limited time.

Widespread liquidations reported on the XBTUSD perpetual contract.

BitMEX reaches its 11-year anniversary milestone and finalizes the BitMEX Legends list, showcasing trader AOA who achieved over 300 million in profits from an initial 5,000 USDT.

First week of December sees $3.2bn in trading volume on the platform, while the top trader takes home over $110k profit.

Legends Showdown trading competition awards 5 BTC split among Top 150 traders based on ROI, PnL percentage, or trading volume, ending December 15, 2025.

A new Legend from South Korea joins the Hall of Legends on Monday, with a 222 $BMEX reward giveaway for correctly guessing their identity.

BitMEX dumped 7,993 BTC as part of an alleged coordinated sell-off across multiple major exchanges including Binance, Coinbase, Kraken, Bitwise, and Wintermute.

Lithuania's biggest trader announced as the last addition to BitMEX Legends program, with 111 $BMEX giveaway for guessing contest.

A live BitMEX Legends event offers 10,000 $BMEX tokens, with a Spotlight Series featuring Mufa.

@WiseAnalyze joins the BitMEX Legends program as the newest member.

BitMEX Legends Showdown trading competition has 11 days remaining and offers up to 5.5 BTC in total rewards.

@ErenCaner joins the BitMEX Legends program as a new collaborator.

BitMEX bought 5,818 BTC today alongside other major exchanges in what the report calls coordinated market manipulation.

A contest offers 100 USDT in trading credits for PnL card submissions under the BitMEX Legends campaign, with deadline set for noon on December 7.

Quarterly futures contracts for BTC, ETH, XRP and other assets begin trading on December 9 at 04:00 UTC.

A live trading masterclass featuring @muphasamc launches on YouTube this week with a 10,000 $BMEX prize pool competition as part of the BitMEX Legends campaign.

Large Bitcoin outflow reported with BitMEX selling 7,993K BTC alongside other major exchanges including Coinbase (8,375K), Wintermute (9,315K), Binance (5.46K), Bitwise (5.01K), and Bitfinex (3,751K).

The 6th BitMEX Legend is announced as @_BluePlanet, continuing the Hall of Fame recognition series for the 11th anniversary.

Arthur Hayes warns that a 30% drop in Tether's gold-Bitcoin portfolio would wipe out its equity and put USDT at risk of insolvency based on the latest audit, and expects major holders and exchanges to demand real-time balance sheet visibility.

BitMEX founder states Bitcoin "bottom is in" and expects prices to go higher, citing upcoming Federal Reserve money printing as the catalyst.

The 5th BitMEX Legend is announced as Evgeniy May, continuing the Hall of Fame recognition series for the 11th anniversary event.

Anniversary promotion includes separate $50K BMEX token prize pool alongside the 5 BTC pool, with new users eligible for up to $30 rewards, 11 Trading Quests missions, and iPhone 17 Pro lucky draw entry.

BitMEX uses Pyth Network as infrastructure provider to deliver equity prices onchain for DeFi products.

New Monad ($MON) perpetual futures contract launches November 28 at 04:00 UTC with 50x leverage and USDT margin.

First BitMEX Legends reveal launches with "Who's That BitMEX Legend" guessing game, awarding 111 BMEX tokens to winners.

11th anniversary event begins November 24-December 15 with 5 BTC prize pool, 100,000 USDT in rewards, and Hall of Fame recognition for 11 legendary traders.

XRP futures volume spikes 2,668% to $100.57M in one day, currently elevated at 600% in past 24 hours.

New monthly Bitcoin futures contract XBTF26 begins trading on November 25 at 04:00 UTC with 100x leverage available and January 30, 2026 expiry.

Platform was impacted by a Cloudflare infrastructure outage on Tuesday alongside other major crypto services including Coinbase, Ledger, and Blockchain.com.

Platform teases upcoming airdrop of 11,000 BMEX tokens for BitMEX Legends program.

Co-founder Arthur Hayes transfers 520 ETH ($1.66M), 2.6M ENA ($730K), and 132K ETHFI ($120K) to institutional trading desks (Flowdesk, FalconX, Wintermute) and tests 10 LDO transfer to FalconX, indicating ongoing sales activity.

Platform announces TradingView integration promotion offering up to 100,000 USDT in rewards, TradingView subscriptions, and USDT/BMEX token airdrops, valid until December 31, 2025.

2M ago

Co-founder Arthur Hayes discloses that Zcash (ZEC) has become the second-largest holding in his family office Maelstrom's portfolio behind Bitcoin, with ZEC surging to around $750 (highest since 2018). Hayes also provides market commentary on sovereign preference for gold over Bitcoin and geopolitical shifts in Yuan-settled oil trades between Saudi Arabia and China.

Platform launches Trading Bots allowing users to automate trades and monitor markets continuously.

Platform cuts spot trading fees by 50% for all users and introduces maker rebate program paying top spot traders up to 1.5 bps.

Partnership with Fija Finance enables users to hold fjUSDT and earn DeFi yield on the platform, with up to $15,000 in rewards for converting assets to fjUSDT.

Platform announces #BitMEXTrickorTrade trading competition featuring 3 BTC prize pool plus bonus prizes from TradingView, Marriott, RIMOWA, Apple, and Louis Vuitton.

Platform delists 3 derivatives contracts on November 6, 2025 at 12:00 UTC.

Platform burns 180,995 BMEX tokens purchased in October for over $39k USD and increases staking rewards by over 50% while offering up to 70% lower trading fees for stakers.

Two new perpetual contracts launch on October 31 at 04:00 UTC: ZEC with up to 33x leverage and XMR with up to 50x leverage.

BitMEX executives receive presidential pardons from Trump alongside CZ and Ross Ulbricht, sparking ethics and corruption concerns over political favoritism in the crypto industry.

Platform lists $ASTER (Aster_DEX) perpetual contract on October 28 at 04:00 UTC, offering 50x leverage margined in USDT.

New $XPL (Plasma) perpetual contract launches on October 28, 2025 at 04:00 UTC, offering 50x leverage margined in USDT.

Fija Finance goes live on the platform, allowing users to earn DeFi yield by holding fjUSDT without on-chain complexity.

Platform launches 'Trick or Trade' trading competition with 3 BTC prize pool plus prizes from Marriott, Louis Vuitton, Apple, RIMOWA, and TradingView.

Platform introduces new Spot fee structure with 50% fee reduction for all users and maker rebates up to 0.015% for top traders.

Platform launches prediction challenge in collaboration with TradingView, offering 100 $BMEX rewards to best SOL price predictions submitted by October 24, 2025.

Platform adds fjUSDT yield-generating token through Convert feature with zero fees and offers up to $15,000 in rewards for conversions, launching in a few days.

Platform records $4.8 billion in weekly trading volume with the top trader earning close to $300k in profit.

Co-founder Arthur Hayes raises $250M private equity fund targeting strategic acquisitions of small and mid-sized crypto firms.

BitMEX introduces Copy Trading feature allowing users to copy or reverse copy trades from top traders on the platform.

BitMEX partner InsilicoTrading launches v4.0.7 featuring new TWAP module, repeat function for looping tasks, and command chaining for sequential and parallel processing to enhance trade execution and automation. An upcoming event is teased but no details provided.

Infrastructure move to AWS Tokyo completes, with platform liquidity up 185% across 9 contracts.

New promotional campaign on TradingView platform offers up to 100,000 USDT in rewards, TradingView subscriptions, and USDT/BMEX airdrops through December 31, 2025.

3M ago

New user acquisition campaign offers $5,000+ in trading credits to users who sign up or return to the platform after the recent liquidation event.

BitMEX reports zero downtime, no overloads, and no trade execution failures during the largest liquidation event in crypto history, deploying millions from its Insurance Fund to support market health.

Co-founder Arthur Hayes provides market commentary explaining Binance's 90%+ altcoin flash crashes as automatic liquidation of cross-margin collateral across major centralized exchanges, stating high-quality altcoins are unlikely to revisit those lows anytime soon.

BitMEX participates in BlLife_Forum 2025 conference in Dubai on October 28-29, joining 15,000+ participants from 130 countries at what's described as the world's largest crypto forum.

New "BitMEXUptoberCarnival" promotional campaign launches October 10-November 9 with prize pool of up to 1,000,000 USDT and $100,000 worth of BMEX tokens, featuring discounts on BTC/ETH/SOL spot purchases and iPhone 17 Pro lucky draws.

New "PUMPtober" promotional campaign offers 500 USDT prize pool to new users who engage on social media and register, with winners determined by UID last digits being 0 or 1.

New promotional campaign offers up to 5,000 USDT in trading credits for new and returning users who complete trading missions.

Data center migration to AWS Tokyo completed, delivering >185% liquidity increase for BTC/ETH contracts and 2,000%+ surge in altcoin liquidity with reduced latency.

Co-founder Arthur Hayes shares new macroeconomic analysis suggesting US stablecoin promotion serves geopolitical debt resolution strategy, predicting potential $34 trillion stablecoin market driven by Global South demand.

Co-founder Arthur Hayes sold his entire $5.1M HYPE token position for $823K profit despite previously predicting 126x gains, while sharing extensive macroeconomic analysis predicting Bitcoin could reach $150,000-200,000 by decade's end.

BitMEX announces availability to Syrian users, expanding geographical reach to new market.

Partnership with TradingView expands with new rewards program offering up to 100,000 USDT in rewards, USDT and BMEX airdrops, and TradingView subscriptions, running until December 31, 2025.

Exclusive AMA announced with trader 'aoa' for September 17 in BitMEX Trollbox, offering 5,000 BMEX tokens and merchandise as prizes.

4M ago

BitMEX launches prediction challenge in partnership with TradingView, offering 100 BMEX tokens to winners who accurately predict WLFI price movements during September 15-21.

Copy trading feature goes live with new Reverse Copy functionality allowing users to bet against popular trades, plus weekly lucky airdrops and loss protection features for participants.

Confirmed participation in Blockchain Life 2025 Dubai event (Oct 28-29) alongside major crypto exchanges and blockchain companies.

Top trader profits surge to new record of $3.5M, marking 40% weekly increase while trading volume holds steady.

New copy trading leader @crypto_goos launches with data-driven strategy focused on on-chain metrics and swing trading.

New Solana trading campaign launches with 150,000 USDT total prizes, including 50% SOL purchase discount for first 600 traders and ecosystem trading rewards, running August 28 - September 18.

New Copy Wars trading competition launches with 100,000 USDT prize pool split between Leaders (75,000) and Copiers (25,000).

TradingView partnership enables direct order placement with rewards including 100,000 USDT prize pool and BMEX airdrops.

Top trader profits surge to $2.5M this week, marking 4x increase despite lower trading volume of $4.7B.

Arthur Hayes re-enters ETH position, predicts $20k price target while maintaining overweight ETH vs SOL allocation.

Arthur Hayes deploys $1M into BioFi sector through 7.66M BIO token purchase.

New copy trading feature enables automatic mirroring of top traders with 100,000 USDT incentive pool.

Weekly trading volume reaches $5.9B with top trader earning $550k profit

5M ago

Co-founder accumulates $6.85M in crypto assets: 1,250 ETH, 424K LDO, 420K ETHFI, and 92K PENDLE within 2 hours after transferring 14.8M USDC to exchanges.

New feature launching to provide complete transparency on fees, PnL, and funding performance metrics.

Token burn event announced alongside revamped utility features including enhanced staking rewards and trading fee discounts.

Arthur Hayes warns of Q3 macro pressure from U.S. tariffs and weak credit markets, adjusts crypto targets to BTC $100K/ETH $3K.

New basis trade strategy between Pendle and BitMEX offers 20%+ APY yield opportunity

Co-founder accumulates $12.5M in ETH ecosystem tokens including $1M fresh ENA purchases through multiple OTC channels.

Co-founder sets year-end targets: BTC $250K, ETH $10K in latest blog post

Platform activity surges to $5.6B weekly volume, top trader profits $670k

Arthur Hayes accumulates $2.05M worth of DeFi tokens (1.1M LIDO, 3K AAVE) via Flowdesk OTC deal.

New trading competition launches with 3 BTC prize pool plus premium prizes including MacBooks and travel allowances.

6M ago

Severe liquidity issues with 0.70% bid-ask spread (10x wider than competitors) and insufficient depth for $100k orders.