Announcing The BCHUSD Quanto Perpetual Swap

We are launching a BCHUSD quanto perpetual swap contract with up to 25x leverage on 16 June 2020 at 04:00 UTC.

This is the fourth quanto contract to be launched by us and follows the successful introduction of the ETHUSD quanto futures contract on 05 May 2020 and the XRPUSD swap contract on 05 February 2020. Together, these three new quanto contracts represent further diversification of trading opportunities for users as we continue to expand our innovative product range.

BCHUSD quanto swaps have a fixed Bitcoin multiplier regardless of the USD Bitcoin Cash price. This allows traders to long or short the BCH/USD exchange rate without ever touching either BCH or USD. Traders post margin in XBT, and earn or lose Bitcoin as the BCH/USD rate changes.

The contract will be visible on the platform from 15 June 2020 at 04:00 UTC as Unlisted, 24 hours before the start of trading.

Please see our blog for more information: https://blog.bitmex.com/announcing-the-bchusd-quanto-perpetual-contract/

What products would you like us to launch next? We’re running a series of polls to encourage user feedback. Cast your vote in our first Telegram poll in the post above in this channel.

Incident noscript: [Testnet] Short maintenance
Incident time: June 04, 2020 - 22:30 UTC
Incident status: In_progress
Details: Scheduled maintenance is currently in progress. We will provide updates as necessary.

Testnet - REST API - Under maintenance
Testnet - WebSocket API - Under maintenance
Testnet - Web Frontend - Under maintenance

Incident noscript: [Testnet] Short maintenance
Incident time: June 04, 2020 - 22:42 UTC
Incident status: Completed
Details: The maintenance is now complete. We apologise for any inconvenience this may be causing. If you have any further questions, please contact us via https://www.bitmex.com/app/support/contact.

Testnet - REST API - Operational
Testnet - WebSocket API - Operational
Testnet - Web Frontend - Operational

Quarterly Future Listings Q3 2020

On 12 June 2020 at 08:00 UTC, BitMEX will list new quarterly futures. Please see our Blog Post for listings and settlements for current and upcoming futures contracts for Q3 2020: https://blog.bitmex.com/q3-2020-quarterly-futures-listings/
The new contracts will be visible on the platform from 11 June 2020 at 08:00 UTC as Unlisted, 24 hours before the start of trading.

Please note that the “NEXT” index family will be updated on 10 June 2020.

Updates on BitMEX Indices

On 26 June 2020 at 12:00:05 UTC, BitMEX will update its indices across all products. The affected indices will be: .BXBT, .BETH, .BETHXBT, .BXRP, .BXRPXBT, .BBCH, .BBCHXBT, .BLTCXBT, .BEOSXBT, .BADAXBT and .BTRXXBT.

Please note that the hypothetical values of the indices with the new weights are published as the “NEXT” index family (Eg .BXBT_NEXT).

Please see our blog post: https://blog.bitmex.com/q3-2020-index-weights/ and BitMEX Indices: https://www.bitmex.com/app/indices page for index weights and further details.

Update to BitMEX .BXRPXBT Index, 15 Jun 2020

Effective 15 Jun 2020 at 04:00 UTC, BitMEX will reintroduce Poloniex into its .BXRPXBT index. The constituents are detailed in our latest blog post: https://blog.bitmex.com/update-to-bitmex-bxrpxbt-index-15-jun-2020/

On 13 Jun 2020 at 19:17:05 UTC, Poloniex was removed as a constituent of the .BXRPXBT index according to Index Price Protection rule 3(a) - its price differed from the median constituent by more than 25%.

To read more on Index Price Protection Rules, please visit: https://www.bitmex.com/app/indices#Index-Protection-Rules

REMINDER - BCH Perpetual Swap Launch

We are launching a BCHUSD quanto perpetual swap contract with up to 25x leverage tomorrow, 16 June 2020 at 04:00 UTC. The contract became visible on the platform from 15 June 2020 at 04:00 UTC as Unlisted.

BCHUSD quanto swaps have a fixed Bitcoin multiplier regardless of the USD Bitcoin Cash price. This allows traders to long or short the BCH/USD exchange rate without ever touching either BCH or USD. Traders post margin in XBT, and earn or lose Bitcoin as the BCH/USD rate changes. This quanto property may be one of the factors which results in the BCHUSD swap trading at a premium / discount to the BCHUSD spot price – see our blog post explaining the same property for ETHUSD from 2018 here: https://blog.bitmex.com/is-the-ethusd-swap-fairly-priced/

Please see our blog published at the time of the BCHUSD product announcement for more information: https://blog.bitmex.com/announcing-the-bchusd-quanto-perpetual-contract/

BCHUSD Quanto Perpetual Swap - Now Live
Today, 16 June 2020, our latest product - BCHUSD quanto perpetual swap contract - went live.

Trading started at 04:00 UTC here: https://www.bitmex.com/app/trade/BCHUSD

See the full contract specs on our website: https://www.bitmex.com/app/contract/BCHUSD

API Update: Change in Validation of Amend Order Requests

API Announcement: https://blog.bitmex.com/api_announcement/change-in-validation-of-amend-order-requests/

Starting 08:00 UTC on 24 June 2020, amending an order will require a price, stopPx, orderQty or leavesQty to be changed. After this time, amend order requests that do not satisfy this condition will be rejected. Bulk amend requests will be rejected if any of the amend orders in the bulk are rejected. Reject message: “Invalid amend: orderQty, leavesQty, price, stopPx unchanged“.

This change has been live in the Testnet environment for a month.

This functionality update is part of the ongoing simplification of our API and trading system architecture. If you have any further questions, please contact Support.

Bitcoin Developer Grant Announcement:  HDR & OKCoin Join Forces To Provide A US$150,000 Grant to Bitcoin Core Developer Amiti Uttarwar

We’re very pleased to announce that OKCoin and HDR Global Trading Limited (which owns and operates the BitMEX cryptocurrency trading platform) are each providing a US$75,000 grant, totaling US$150,000 over 12 months, to Bitcoin Core developer Amiti Uttarwar.

As dedicated supporters of Bitcoin Core and open source development, OKCoin and BitMEX independently identified Amiti’s work as essential to the advancement of the Bitcoin network. 

More details are available on our blog:  https://blog.bitmex.com/grants/amiti-uttarwar/

Did you know that BitMEX offers exclusive benefits and features for corporate accounts in addition to our tiered accounts, including access to dedicated relationship managers and new product incentives?

Click here for more information on BitMEX Corporate: https://bitmex.freshdesk.com/support/solutions/articles/13000076424-bitmex-corporate

Reminder: Change in Validation of Amend Order Requests

Starting 08:00 UTC on 24 June 2020, amending an order will require a price, stopPx, orderQty or leavesQty to be changed. After this time, amend order requests that do not satisfy this condition will be rejected. Bulk amend requests will be rejected if any of the amend orders in the bulk are rejected. Reject message: "Invalid amend: orderQty, leavesQty, price, stopPx unchanged".

This change has been live in the Testnet environment for a month.

This functionality update, originally announced on 17 June 2020, is part of the ongoing simplification of our API and trading system architecture. If you have any further questions, please contact Support via our contact form.

BitMEX Indices Updated – Q3 2020

BitMEX updated its indices across all products today, 26 June 2020 at 12:00:05 UTC. 

The affected indices include .BXBT, .BETH, .BETHXBT, .BXRP, .BXRPXBT, .BBCH, .BBCHXBT, .BLTCXBT, .BEOSXBT, .BADAXBT and .BTRXXBT.

Please see our blog post: https://blog.bitmex.com/q3-2020-index-weights/ and BitMEX Indices: https://www.bitmex.com/app/indices page for index weights and further details.

We’re delighted to confirm that we’ve taken over our rightful BitMEX Twitter handle: https://twitter.com/BitMEX. We’ll continue to post official BitMEX news and announcements to Twitter and Telegram.

Announcement: David Wong joins the board

We mark another important milestone in our evolution, with the appointment of Dr. David Wong as Chairman of HDR Group, owners of the BitMEX crypto-products platform.

See our blog for details: https://blog.bitmex.com/hdr-global-trading-limited-appoints-dr-david-wong-as-non-executive-chairman/

Change in Validation of Bulk New Order Requests - 16 July 2020

As part of the ongoing simplification of our API, starting on 16 July 2020, submitting a bulk order request that contains duplicate clOrdIDs will no longer be allowed. Further information is available on our blog: https://blog.bitmex.com/api_announcement/change-in-validation-of-bulk-new-order-requests/

If you have any further questions, please contact Support via our contact form: https://www.bitmex.com/app/support/contact.

HDR Global Trading announces new holding structure, 100x Group

HDR Global Trading Limited, the company behind leading cryptocurrency derivatives trading platform, BitMEX, announces the creation of a new holding company structure, 100x.

Building on the success of BitMEX, the new 100x holding company structure will pursue a broader vision to reshape the modern digital financial system into one which is inclusive and empowering. 100x will become the holding structure for HDR and all our other assets, including the BitMEX platform.

This new structure provides our Group with more freedom to explore, incubate and pursue new opportunities and investments, whilst remaining committed to enhancing BitMEX’s leadership position in the cryptocurrency exchange market. The BitMEX platform, brand and legal structure remain unchanged by the launch of 100x, and the Group will continue to invest in growing the BitMEX platform.

More details are available on the BitMEX Blog: https://blog.bitmex.com/introducing-the-100x-group/ and new 100x Group website: https://www.100x.group