Coins: 10053 Exchanges: 936 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
BitMEX price

BitMEX Price (BMEX)


Rank #10413

BitMEX Price Chart (BMEX/USD)

Last updated 17 Jul 2023, 11:03AM UTC. Currency in USD.

# Exchange Pair Price Spread Volume(24h) Trust
1 BitMEX BMEX / USDT $0.32273300 0.31% $32,360
2 Hotbit BMEX / USDT $0.52831000 0.98% $7,098

BMEX Price Statistics

24H Range
  • BitMEX Price Now $0
  • 24h Low / 24h High $0 / $0
  • Trading Volume $15,173
  • Market Cap Rank #487
  • Market Cap $36,769,430
  • Volume / Market Cap 0.0004
  • All-Time High $1 -71.37%
    Nov 12, 2022
  • All-Time Low $0 3.67%
    Jul 09, 2023

BitMEX Cryptocurrency: A Simplified Overview


BitMEX cryptocurrency, also known as the Bitcoin Mercantile Exchange, is a well-known platform for trading cryptocurrencies. It offers advanced financial products using cryptocurrencies like Bitcoin, Ethereum, and others. In this article, we will explore some key aspects of BitMEX's cryptocurrency exchange platform.

Trading Features

BitMEX stands out due to its unique trading features that appeal to both experienced and novice traders. Here are some important features:

- Leverage Trading: BitMEX provides traders with access to high-leverage trading, allowing them to amplify their potential profits. This feature enables traders to trade with more significant positions than their available balance, increasing both potential returns and risks.

- Perpetual Contracts: Unlike traditional futures contracts that expire on a specific date, BitMEX offers perpetual contracts. These contracts do not have an expiration date and simulate the trading behavior of spot markets. Traders can hold positions for as long as desired, providing flexibility.

- Margin Trading: BitMEX allows users to trade on margin, offering higher potential returns as well as increased risks. Margin trading involves borrowing funds from the platform or other users to open larger positions. It is essential to understand the risks associated with margin trading before engaging in it.

Liquidation and Insurance Fund

BitMEX's platform includes an automated liquidation system to protect traders and the platform from unexpected price movements that may result in significant losses. If the value of a trader's position approaches bankruptcy, it may be forcibly liquidated to prevent further losses. The liquidation system helps maintain the overall stability of the platform.

BitMEX also has an Insurance Fund, which acts as a safety net. It covers losses when a liquidation occurs, ensuring that profitable traders do not suffer due to another trader's inability to fulfill their obligations. This approach strives to maintain fairness and provides additional security to users.


BitMEX understands the importance of security in the cryptocurrency space. It employs several measures to protect its users' assets:

- Two-factor authentication (2FA): Users can enable 2FA to enhance the security of their accounts, ensuring that only authorized individuals can access them.

- Cold Storage: Most of BitMEX's users' funds are stored in offline cold wallets, which are not connected to the internet. This practice significantly reduces the risk of hacking and theft.

- System Audits: BitMEX regularly conducts external security audits to identify vulnerabilities and address potential threats proactively.

In conclusion, BitMEX cryptocurrency is a prominent trading platform that offers unique trading features like leverage trading, perpetual contracts, and margin trading. Its automated liquidation system and Insurance Fund contribute to the overall stability and security of the platform. By implementing robust security measures, BitMEX aims to provide a trustworthy environment for cryptocurrency traders.