BitMEX is a centralized cryptocurrency exchange (CEX) ranked #24 on BitDegree Exchange Tracker. Over the last 24 hours, its trading volume reached $57,195**, while the 7-day volume totals **$431,383,453. The platform supports 103 cryptocurrencies, 192 trading pairs, and zero fiat currencies. The most active market is BMEX/USDT.
👉 Explore BitMEX's leveraged trading options
BitMEX Overview
BitMEX operates as a Seychelles-based centralized exchange, specializing in:
- Spot and derivatives trading
- Margin and leverage trading (up to 100x)
- Stake and Earn programs
The platform enforces KYC verification and restricts access for users from the US, Hong Kong, Canada (Ontario/Quebec), Russia, and other jurisdictions.
Native Token: BMEX
Holders of BMEX, BitMEX’s native token, enjoy:
- Reduced trading fees
- Staking rewards
- Tiered discounts
Fee Structure & Trading Mechanics
Spot Trading Fees
BitMEX uses a maker-taker model with volume-based tiers:
| Tier | 30-Day ADV | Maker Fee | Taker Fee |
|------|------------------|-----------|-----------|
| B | <$100K | 0.1% | 0.1% |
| I | >$100K | 0.05% | 0.09% |
| X | >$25M | 0% | 0.02% |
ADV = Average Daily Volume
Derivatives Trading
- Taker fee: 0.075% (default)
- Maker rebate: 0.01%
- Leverage: Up to 100x on perpetual contracts
👉 Learn about perpetual contracts
Additional Services
- BitMEX Earn: Stake BTC or USDT for passive income.
- Direct Crypto Purchases: Buy crypto via credit/debit cards or bank transfers.
- APIs: Access WebSocket/REST APIs for real-time data.
Company Background
Founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, BitMEX launched derivatives in 2016. Key milestones:
- 2021: BMEX token release.
- 2022: Introduction of FX perpetual swaps (50x leverage).
FAQ
1. Is BitMEX available in the US?
No. BitMEX restricts access for US-based users due to regulatory compliance.
2. What are BitMEX’s withdrawal fees?
- BTC: Free (miners’ network fees apply).
- ETH/USDT: Dynamic fees based on market conditions.
3. How does BitMEX’s Auto Deleveraging work?
It triggers during extreme volatility to prevent systemic losses, prioritizing positions with the highest leverage.