Latest BitMEX News

BitMEX freezes as XBTUSD crashes 10% below Bitcoin spot price [UPDATED]

BitMEX freezes as XBTUSD crashes 10% below Bitcoin spot price [UPDATED]

The price of Bitcoin dived $400 below the BTC spot price on BitMEX’s Bitcoin perpetual swap contract as the platform reportedly halted trading on account of “system instability.” Traders widely reported experiencing a system crash on BitMEX between 02:16 and 03:00 UTC Friday morning, as XBTUSD crashed to $3,600, $400 below the Bitcoin spot price.

BitMEX CEO Denies Allegations of Trading Against Customers

BitMEX CEO Denies Allegations of Trading Against Customers

Last month an independent crypto researcher who goes by the name, Hasu, posted an article exploring some of the most prevalent concerns users have with crypto exchange behemoth BitMEX, one of which is that the exchange trades against its customers to make a profit.