BitMEX Announcements

2021-05-14 02:21:00 Crypto Trader Digest - Fear is the Mindkiller

In this sure-to-be-memorable edition of Crypto Trader Digest, Arthur Hayes challenges his own thinking, unpeels flimsy social constructs, and gives us all some food for thought.

Fear is the Mindkiller is now out on the BitMEX blog: https://bit.ly/3eH68ee Open / Comment

2021-05-12 13:21:46 Lawrence Linker Named Head of BitMEX Academy

Today, we’re delighted to announce that Lawrence Linker has been named Head of the BitMEX Academy.

Acting as “Provost”, Lawrence will lead the development of Academy content and convene a team to help deliver it. He was previously Chief of Staff to the BitMEX CEO and, prior to joining us, founded his own Singapore-based MBA admissions consulting firm called MBA Link. He holds a BsBa in Marketing and Management Technology from Georgetown University and an MBA with a concentration in Capital Markets and Asset Management from Cornell University.

"Misinformation and misunderstanding remains the greatest obstacle to wider crypto adoption. It's a great honour to be at the forefront of this critical mission by leading the education initiative at BitMEX," Lawrence said.

Read more here: https://bit.ly/3blmQxB Open / Comment

2021-05-10 11:08:18 BitMEX x Tardis.dev: Partnering to Bring Comprehensive, Fair, and Transparent Market Data to Users

Our roster of partners is growing fast, and this is one our users will definitely want to take advantage of.

Tardis.dev, a provider of the most comprehensive and granular cryptocurrency market data products in the industry, has officially joined the BitMEX Partners Programme.

And, it’s our pleasure to unveil two exclusive privileges Tardis.dev is offering to celebrate. Users will be able to access a 30-day free trial with access to the last four months of BitMEX data or a 10% discount for an annual subscription that provides access to all BitMEX data (a US$300 value).

Read more here: https://bit.ly/3be1QJd Open / Comment

2021-05-05 10:01:32 Never underestimate the power of a good partnership.

We’re proud to announce that 3Commas, a leading automated trading platform, has joined the BitMEX Partners Programme.

3Commas, as one of the most established automated trading platforms, is a natural partner for BitMEX given the demand for automated trading solutions among our user base and the wider community.

As part of the partnership celebration, the BitMEX and 3Commas teams are excited to unveil exclusive privileges for users.

Further details here: https://bit.ly/3b4O7Ej Open / Comment

2021-05-03 11:08:16 Increased Risk Limits for ETHUSD Swap Now ‘Live’

Today at 08:00 UTC, the risk limits for the ETHUSD Swap were increased from 50 to 75 XBT.

Users with ETHUSD Swap positions greater than 50 XBT are now eligible for lower margin requirements.

For more information, please refer to our blog: https://bit.ly/3gYktoa Open / Comment

2021-04-30 02:12:24 Grow Up or Blow Up - Crypto Trader Digest

Volatile markets aren’t for the weak handed, but just when should you actually take profit?

If you’ve been plagued with that question, don’t worry - you’re not alone. In the latest edition of Crypto Trader Digest, Arthur Hayes provides a valuable framework that just might help.

Read more here: https://bit.ly/3t5kQQa Open / Comment

2021-04-28 06:11:04 BitMEX Announces Official Launch of Partner Programme

Today, we’re proud to announce that we are officially launching the BitMEX Partner Programme to more intently focus on expanding the robust network of firms within our ecosystem.

Through the programme, we’ll connect our users with trusted tools that will enhance their trading experience while rewarding partners themselves with incentives based on the activity they refer to the BitMEX platform.

We’ll be kicking off this new chapter with our first two partners: 3Commas, a leading automated trading platform, and Tardis, a high frequency historical market data provider for crypto markets. Both companies will offer exclusive privileges to BitMEX users over the coming days.

Read more here: https://bit.ly/3xtq9w4 Open / Comment

2021-04-28 05:52:44 Parameter Updates Now ‘Live’

Today at 02:15 UTC, technical updates were made to the Impact Notional and % Fair Basis update methodology - two factors related to Mark Price.

Impact Notional - What changed?

The Impact Notional used in the calculation of Fair Price for Futures Contracts and Funding Rate for Swap Contracts changed from an XBT value (0.2XBT / Initial Margin) to a USD value and will vary by contract type as follows:

All Perpetual Swaps - USD 10,000
For Futures:
Linear Futures - USD 50,000
Quanto Futures - USD 10,000
XBT (Inverse) Futures - USD 200,000

% Fair Basis Update Methodology - What Changed?

The % Fair Basis will now update every 30 seconds (instead of 60 seconds) but only if the difference between the Impact Ask Price and Impact Bid Price is less than the larger of:

a) the maintenance margin of the futures contract
b) 3 ticks on the Futures contract

For further details on the updates, please see our blog: https://bit.ly/3eDRsva Open / Comment

2021-04-26 11:10:15 Increasing Risk Limits for ETHUSD Swap

We’re pleased to announce an increase in the risk limits on our ETHUSD swap - a small but mighty change that will make it even more capital efficient to maintain positions of 50 XBT or more on the product.

The increase in the ETHUSD swap risk limits - from 50 to 75 XBT, effective 3 May 2021 at 08:00 UTC - follows our similar tweak on the XBT futures contracts.

Here’s what it means for BitMEX users:

First, there are no changes being made to any of our Base Initial Margin or Base Maintenance Margin rates - this change relates to the size of position to which those rates apply. Also, everyone with positions equal to or smaller than 50 XBT will continue to have the same market-leading margin requirements as before.

Here’s where the change comes in. From 3 May at 08:00 UTC, those who have ETHUSD Swap positions greater than 50 XBT will immediately be eligible for lower margin requirements.

Read more here: https://bit.ly/3xphv1O Open / Comment

2021-04-26 08:06:54 Further Parameter Updates for a Better Trading Environment

Maintaining a fair and orderly trading environment for our users is very important to us, and we’re always thinking about how we can improve further.

As part of this effort we’ve decided to make two technical but important updates to the Impact Notional and % Fair Basis update methodology, which are two factors related to Mark Price. Both changes will take place on 28 April at 02:15 UTC.

Please see our blog post for further details: https://bit.ly/3aEHloD Open / Comment