HDR Global Trading Limited (dba BitMEX) has appointed Derek Gobel as the group’s General Counsel, according to a release. BitMEX is a large crypto derivatives trading platform that is licensed in the Seychelles. Arthur Hayes, BitMEX co-founder and CEO issued the following statement: “Derek brings… Read More
Angelina Kwan, a prominent Hong Kong advocate for women in STEM, has left her position as COO at the crypto derivatives platform, BitMEX, The Block reports. “We can confirm that Angelina Kwan is leaving the company and is on gardening leave now. That’s all we… Read More
BitMEX, a platform that allows highly-leveraged trading of cryptocurrency derivatives, has announced that customers residing in Seychelles, Hong Kong, and Bermuda, where the company’s offices are located will be, “restricted from access to BitMEX.” The company claims the change, “will have no financial impact on… Read More
The UK’s Advertising Standards Authority has upheld complaints against crypto-derivatives trading platform BitMEX claiming the company violated UK advertising standards with an ad it published on the front page of a national newspaper in January. According to the ASA, the “misleading” ad featured a logarithmic… Read More
More than half a billion dollars in Bitcoins ($525 million USD) left the building at BitMEX this month after news of a CFTC investigation broke in the press, CCN reports. BitMEX is a crypto derivatives trading platform that allows 100X leveraged bets. BitMEX does not have… Read More
The US Commodity Futures and Trade Commission (CFTC) is engaged in a “months-long” investigation of BitMEX, a cryptocurrency exchange that made its mark by enabling retail investors to conduct 100x leveraged trades of bitcoins, Bloomberg reports. According to “people familiar with the matter,” the CFTC… Read More
On the heels of a controversial debate held recently in Taipei, crypto skeptic and NYU Professor Nouriel Roubini has written an article, “The Great Crypto Heist,” to come back again against, “Some of the biggest crypto players…openly involved in systematic illegality.” Roubini singles out Hong Kong-headquartered… Read More
Crypto exchange Bitmex has formed a partnership with CryptoCompare, a provider of cryptocurrency data and indices, to provide real-time cryptocurrency futures dataset to institutional investors via the Refinitiv Eikon terminal. BitMex has always targeted professional traders and institutions. The exchange claims to be the “world’s… Read More
Jihan Wu, departed CEO and co-founder of the world’s largest crypto-mining hardware producer, Bitmain, will launch an OTC cryptocurrency custody and trading desk called Matrix within a month, sources to The Block report. The unnamed commenters also believe the exchange will have a tremendous advantage in… Read More
BitMEX Ventures, the investment arm the BitMEX crypto exchange (HDR Global Trading Ltd), has invested in Philippine Digital Asset Exchange (PDAX), a cryptocurrency exchange based in the Philippines. Terms of the investment were not disclosed. In a release, BitMEX said its investment will help strengthen… Read More
Multiple reports this weekend indicate that Bitcoin Cash (BCH) is the victim of a double spend attack or 51% attack. A double spend attack is exactly what it sounds like. You can spend “money” twice. For a good explanation of how this may occur with… Read More
Bitmex, a Hong Kong-based Bitcoin derivatives exchange popular for allowing 100X leveraged bets, has deactivated the trading accounts of clients from the US and the Canadian province of Quebec, The South China Morning Post (SCMP) reports. The move has likely been made in response to increased regulatory pressure… Read More
Arthur Hayes, CEO of the Hong Kong-based Bitcoin-derivatives exchange BitMEX, has told an audience in London that the bear market for Bitcoin could last another 18 months, Yahoo Finance reports. “My view is the volatility environment that exists right now could persist for another 12 to… Read More
New tariffs in the US that raise taxes on imports of crypto-mining machines from 2.6% to 27.6% may significantly impact revenues at Chinese companies like Bitmain, South China Morning News (SCMP) reports. The tariffs have come into place after American trade overseers in August reclassified, for… Read More
Properly regulating the cryptocurrency sector is a complex affair, says outgoing Hong Kong Securities and Futures Commission (SFC) chairperson Carlson Tong, but a complete ban is futile: “We do not think imposing a total ban on these platforms is necessarily the right approach, and it will… Read More
BitMEX (Bitcoin Mercantile Exchange), a sophisticated cryptocurrency trading platform, has hired Angelina Kwan as its new Chief Operating Officer. Kwan was previously Managing Director and Head of Regulatory Compliance for Hong Kong Exchanges and Clearing Limited (HKEX). Kwan also spent eight years working at the Securities and… Read More
The SEC Rejects Bitcoin ETF Proposals. The SEC has rejected nine more Bitcoin ETF proposals, one of them from a fairly well-established ETF distributor, ProShares. The ProShares filing was due for comments on Thursday, but the SEC promptly responded a day early, as well as… Read More
The CEO of BitMEX, Arthur Hayes, the world’s largest cryptocurrency exchange by reported volume, says delusions of grandeur fed by bullish crypto markets in 2017 are about to disperse, and massive, overdue sell off of altcoins and Ethereum could sink Ethereum’s price to double digits… Read More
BitMEX (Bitcoin Mercantile Exchange), has announced two new crypto based trading products. ETHUSD perpetual swaps, and UPs and DOWNs, the company’s first call and put options. Just like more traditional securities markets, derivative security products are quickly becoming ubiquitous. And why not? Derivatives can help with… Read More
Bitcoin is in a bit of a rally right now and BitMEX may be benefiting from the investor interest. According to a report from the cryptocurrency exchange, BitMEX has topped the record of Bitcoin trading during a 24 hour period. The company states that 1,041,748 BTC… Read More
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