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
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.
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/
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
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.
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.
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.
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VIEW IN TELEGRAM
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/
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/
Which of these is most important to you when choosing a Cryptocurrency Derivatives trading platform (not an exhaustive list!)
Anonymous Poll
11%
Round-Trip Exchange Fees
10%
Open Interest
34%
Daily Traded Volume
7%
Bid/Ask Spread
26%
Total Cost of Trading (Spread + Fees)
11%
Protection against Auto-Deleveraging
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.
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.
Bitmex
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Whether you’re encountering an issue or have a simple or complex question, our team is available 24/7.
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
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
Update to BitMEX .BXBT Index, 18 Jul 2020
Effective 18 Jul 2020 at 09:00 UTC, BitMEX will reintroduce Bitstamp into its .BXBT index. The constituents are detailed in our latest blog post: https://blog.bitmex.com/update-to-bitmex-bxbt-index-18-jul-2020/
On 17 Jul 2020 at 18:59:45 UTC, Bitstamp was removed as a constituent of the .BXBT 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.
Effective 18 Jul 2020 at 09:00 UTC, BitMEX will reintroduce Bitstamp into its .BXBT index. The constituents are detailed in our latest blog post: https://blog.bitmex.com/update-to-bitmex-bxbt-index-18-jul-2020/
On 17 Jul 2020 at 18:59:45 UTC, Bitstamp was removed as a constituent of the .BXBT 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.
Announcing The LTCUSD Quanto Perpetual Swap
We are launching a LTCUSD quanto perpetual swap contract with up to 33x leverage on 30 July 2020 at 04:00 UTC. This is the fifth quanto contract to be launched on the BitMEX platform, offering users further diversification of trading opportunities. It follows the successful introduction of the XRPUSD and BCHUSD quanto perpetual swaps and ETHUSD quanto futures earlier this year.
Like other quanto swaps, the LTCUSD product will have a fixed Bitcoin multiplier regardless of the USD Litecoin price. This allows traders to long or short the LTC/USD exchange rate without ever touching either LTC or USD. Traders post margin in XBT, and earn or lose XBT as the LTC/USD rate changes.
The contract will be visible on the platform from 29 July 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-ltcusd-quanto-perpetual-contract/
We are launching a LTCUSD quanto perpetual swap contract with up to 33x leverage on 30 July 2020 at 04:00 UTC. This is the fifth quanto contract to be launched on the BitMEX platform, offering users further diversification of trading opportunities. It follows the successful introduction of the XRPUSD and BCHUSD quanto perpetual swaps and ETHUSD quanto futures earlier this year.
Like other quanto swaps, the LTCUSD product will have a fixed Bitcoin multiplier regardless of the USD Litecoin price. This allows traders to long or short the LTC/USD exchange rate without ever touching either LTC or USD. Traders post margin in XBT, and earn or lose XBT as the LTC/USD rate changes.
The contract will be visible on the platform from 29 July 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-ltcusd-quanto-perpetual-contract/
Incident noscript: Deposit Crediting Delayed
Incident time: July 22, 2020 - 01:07 UTC
Incident status: Investigating
Details: We are currently investigating an issue with the crediting of deposits beginning at 23:36 UTC
BitMEX.com - Deposits / Withdrawals - Partial Outage
Incident time: July 22, 2020 - 01:07 UTC
Incident status: Investigating
Details: We are currently investigating an issue with the crediting of deposits beginning at 23:36 UTC
BitMEX.com - Deposits / Withdrawals - Partial Outage
Incident noscript: Deposit Crediting Delayed
Incident time: July 22, 2020 - 02:15 UTC
Incident status: Resolved
Details: The issue with a delay to crediting of deposits has been resolved as at 02:05 UTC and deposits are now being processed normally. All customer funds remain safe. We apologise for any inconvenience this issue may have caused. If you have any further questions, please contact us via https://www.bitmex.com/app/support/contact.
BitMEX.com - Deposits / Withdrawals - Operational
Incident time: July 22, 2020 - 02:15 UTC
Incident status: Resolved
Details: The issue with a delay to crediting of deposits has been resolved as at 02:05 UTC and deposits are now being processed normally. All customer funds remain safe. We apologise for any inconvenience this issue may have caused. If you have any further questions, please contact us via https://www.bitmex.com/app/support/contact.
BitMEX.com - Deposits / Withdrawals - Operational
Reduction in Base Maintenance Margin - XBT and ETH Series - 29 July 2020
On 29 July 2020 at 02:00:00 UTC, we will reduce the Base Maintenance Margin requirements for our XBT Series and ETH Series products as part of an ongoing trial period. Base Initial Margin requirements will be unchanged.
Affected contracts and corresponding Base Maintenance Margin requirements will be:
XBTUSD, XBTU20, XBTZ20 0.35%
ETHUSD, ETHUSDU20, ETHU20 0.70%
These changes will be reviewed on an ongoing basis, and the end of this trial period will be announced with 1 week's notice.
Please see our blog post for further details: https://blog.bitmex.com/reduction-in-base-maintenance-margin-xbt-and-eth-series-29-july-2020/
On 29 July 2020 at 02:00:00 UTC, we will reduce the Base Maintenance Margin requirements for our XBT Series and ETH Series products as part of an ongoing trial period. Base Initial Margin requirements will be unchanged.
Affected contracts and corresponding Base Maintenance Margin requirements will be:
XBTUSD, XBTU20, XBTZ20 0.35%
ETHUSD, ETHUSDU20, ETHU20 0.70%
These changes will be reviewed on an ongoing basis, and the end of this trial period will be announced with 1 week's notice.
Please see our blog post for further details: https://blog.bitmex.com/reduction-in-base-maintenance-margin-xbt-and-eth-series-29-july-2020/
Reduction in Base Maintenance Margin - XBT and ETH Series - 29 July 2020
We have today (29 July 2020) reduced our Base Maintenance Margin requirements for our XBT Series and ETH Series products with effect from 02:00:00 UTC as part of an ongoing trial period. Base Initial Margin requirements remain unchanged.
Please note that the cap on the absolute Funding Rate will change in line with its definition as 75% x (Initial Margin - Maintenance Margin) and the cap on Funding Rate changes between Funding Intervals (75% of Maintenance Margin) will also reduce: https://www.bitmex.com/app/perpetualContractsGuide#Funding-Rate-Caps
Please see our blog post for further details: https://blog.bitmex.com/reduction-in-base-maintenance-margin-xbt-and-eth-series-29-july-2020/
We have today (29 July 2020) reduced our Base Maintenance Margin requirements for our XBT Series and ETH Series products with effect from 02:00:00 UTC as part of an ongoing trial period. Base Initial Margin requirements remain unchanged.
Please note that the cap on the absolute Funding Rate will change in line with its definition as 75% x (Initial Margin - Maintenance Margin) and the cap on Funding Rate changes between Funding Intervals (75% of Maintenance Margin) will also reduce: https://www.bitmex.com/app/perpetualContractsGuide#Funding-Rate-Caps
Please see our blog post for further details: https://blog.bitmex.com/reduction-in-base-maintenance-margin-xbt-and-eth-series-29-july-2020/
REMINDER: We are launching a LTCUSD quanto perpetual swap contract with up to 33x leverage tomorrow, 30 July 2020 at 04:00 UTC. The contract will be visible on the platform from 29 July 2020 at 04:00 UTC as Unlisted.
LTCUSD quanto swaps have a fixed Bitcoin multiplier regardless of the USD Litecoin price. This allows traders to long or short the LTC/USD exchange rate without ever touching either LTC or USD. Traders post margin in XBT, and earn or lose XBT as the LTC/USD rate changes. This quanto property may be one of the factors which results in the LTCUSD swap trading at a premium / discount to the LTCUSD 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 LTCUSD product announcement for more information: https://blog.bitmex.com/announcing-the-ltcusd-quanto-perpetual-contract/
LTCUSD quanto swaps have a fixed Bitcoin multiplier regardless of the USD Litecoin price. This allows traders to long or short the LTC/USD exchange rate without ever touching either LTC or USD. Traders post margin in XBT, and earn or lose XBT as the LTC/USD rate changes. This quanto property may be one of the factors which results in the LTCUSD swap trading at a premium / discount to the LTCUSD 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 LTCUSD product announcement for more information: https://blog.bitmex.com/announcing-the-ltcusd-quanto-perpetual-contract/
New LTCUSD Quanto Perpetual Swap Went Live Today (30 July 2020) at 04:00 UTC
Today, 30 July 2020, our latest product - LTCUSD quanto perpetual swap contract - went live.
Trading started at 04:00 UTC here: https://www.bitmex.com/app/trade/LTCUSD
See the full contract specs on our website: https://www.bitmex.com/app/contract/LTCUSD
Today, 30 July 2020, our latest product - LTCUSD quanto perpetual swap contract - went live.
Trading started at 04:00 UTC here: https://www.bitmex.com/app/trade/LTCUSD
See the full contract specs on our website: https://www.bitmex.com/app/contract/LTCUSD
As part of our efforts to improve the BitMEX trading experience, we recently announced a further reduction to maintenance margin requirements for our XBT and ETH series.
Read more about how this benefits our traders: https://blog.bitmex.com/introducing-and-explaining-the-positive-impact-of-lower-maintenance-margins/
Read more about how this benefits our traders: https://blog.bitmex.com/introducing-and-explaining-the-positive-impact-of-lower-maintenance-margins/
Incident noscript: Historical data duplicate records returned via REST API from 21:00 to 22:00 UTC
Incident time: August 07, 2020 - 01:47 UTC
Incident status: Identified
Details: We are currently resolving an issue with REST API queries for execution, order, and index data sets returning duplicate records for data between 21:00 and 22:00 UTC. There is no impact to the trading platform, and no data has been lost. We apologise for the inconvenience, and will share further updates shortly.
BitMEX.com - REST API - Operational
Incident time: August 07, 2020 - 01:47 UTC
Incident status: Identified
Details: We are currently resolving an issue with REST API queries for execution, order, and index data sets returning duplicate records for data between 21:00 and 22:00 UTC. There is no impact to the trading platform, and no data has been lost. We apologise for the inconvenience, and will share further updates shortly.
BitMEX.com - REST API - Operational