Learn about the BitMEX affiliate program.

BitMEX is a cryptocurrency trading platform that has gained popularity for its unique approach to cryptocurrency derivatives trading. Launched in 2014, BitMEX was created by Arthur Hayes, Ben Delo, and Samuel Reed. It quickly became known for offering highly leveraged trading of Bitcoin and other cryptocurrencies. BitMEX is an abbreviation for Bitcoin Mercantile Exchange.

BitMEX operates as a peer-to-peer trading platform where traders can place bets on the future price of cryptocurrencies. The platform provides users with the ability to trade cryptocurrencies using highly leveraged positions, which can amplify gains or losses. BitMEX offers margin trading of up to 100x leverage for Bitcoin and other cryptocurrencies.

BitMEX is designed for experienced traders and can be confusing for newcomers. The platform uses a unique approach to trading called perpetual contracts, which means that there is no expiration date on the contracts. Traders can enter and exit positions at any time, which makes the platform ideal for short-term trades.

BitMEX offers several types of cryptocurrency derivatives contracts, including perpetual contracts, futures contracts, and options contracts. Perpetual contracts are the most popular contract type on the platform. These contracts allow traders to take long or short positions on cryptocurrencies without a set expiration date. This means that traders can hold their positions for as long as they want. Futures contracts, on the other hand, have set expiration dates, and options contracts give traders the right to buy or sell a cryptocurrency at a specified price.

BitMEX is unique in the cryptocurrency trading world because it offers high leverage on trades. Leverage allows traders to amplify their potential gains or losses by borrowing funds to increase their trading position. For example, if a trader has $1,000 in their account and uses 10x leverage, they can open a position of $10,000. This means that if the price of the cryptocurrency they are trading goes up by 10%, they would make a $1,000 profit. However, if the price goes down by 10%, they would lose their entire $1,000 investment.

One of the main benefits of trading on BitMEX is the high liquidity of the platform. This means that there is a large number of buyers and sellers, which makes it easier for traders to enter and exit positions quickly. The platform also has a high trading volume, which means that there is a lot of trading activity taking place at any given time.

BitMEX is based in the Seychelles and is not regulated by any financial authority. This has led to some criticism of the platform, with some traders concerned about the lack of oversight. However, BitMEX has a strong reputation in the cryptocurrency trading world and has not experienced any major security breaches or hacks.

BitMEX has also been accused of market manipulation, with some traders claiming that the platform’s liquidation engine intentionally triggers liquidations to profit from the resulting price movements. The platform has denied these accusations, stating that it has measures in place to prevent market manipulation.

BitMEX has been involved in several legal disputes over the years. In 2020, the platform was charged by the US Commodity Futures Trading Commission (CFTC) for violating anti-money laundering and know-your-customer regulations. BitMEX settled the charges for $100 million and implemented new measures to improve its compliance procedures.

In addition to the controversies surrounding the platform, BitMEX has also faced technical issues. In 2019, the platform experienced a major outage, which resulted in traders losing millions of dollars. BitMEX later compensated affected users for their losses.

BitMEX is a popular cryptocurrency trading platform that offers high leverage trading on a variety of cryptocurrency derivatives contracts. While the platform has been involved in several controversies and technical issues, it remains a popular choice for many.

Did you know that BitMEX has an affiliate program?

Here is some basic information about what BitMEX is all about. Check it out, and if you are interested there is a link below to access the BitMEX affiliate program.

BitMEX, Bitcoin Mercantile Exchange – Trade Bitcoin and other cryptocurrencies with up to 100x leverage. Fast execution, low fees, Bitcoin futures and swaps: available only on BitMEX.