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BitMEX Launches Chinese New Year Competition: Win a 188,888 USDT Prize Pool

MAHE, Seychelles, Jan. 23, 2025 (GLOBE NEWSWIRE) — BitMEX, the OG crypto derivatives exchange, today launched the Slither to Success Trading Competition to kick off the Lunar New Year. Participants can compete for a share of 188,888 USDT.

The competition will run from 23 January 2025 at 11:00 AM (UTC) to 16 February 2025 at 11:59 PM (UTC). Users can participate in the competition anytime during the campaign period.

Rewards will be distributed across three leaderboards:

  • Highest Trading Volume: 70% of the total prize pool will be shared by the Top 50 Traders ranked by trading volume
  • Highest PnL: 15% of the total prize pool will be shared by the Top 50 Traders ranked by PnL
  • Highest ROI%: 15% of the total prize pool will be shared by the Top 50 Traders ranked by ROI%

Traders can compete for the highest trading volume, PnL, or ROI%, with each trader eligible to win rewards across all three leaderboards.

Bottom traders will also stand to benefit, with a 1,000 USDT bonus available to the bottom 5 traders with the highest loss in PnL.

To participate in the Slither to Success Trading Competition, new customers must be fully verified on BitMEX. For full details and registration, visit here.

About BitMEX
BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. For further inquiries, please contact press@bitmex.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/da73b20c–7565–4cc7–b52b–8033050f9ff3


GLOBENEWSWIRE (Distribution ID 1001044564)

BitMEX Launches Multi Asset Margining: Simplifying Trading for Derivatives Markets

MAHE, Seychelles, Jan. 08, 2025 (GLOBE NEWSWIRE) — BitMEX, the OG crypto derivatives exchange, is announcing the launch of Multi Asset Margining. This game–changing feature allows traders to use multiple margin currencies – including USDT, USDC, ETH, and XBT (Bitcoin) – to trade derivatives contracts without the hassle of asset conversions or wallet transfers. The tool was designed to streamline the trading process, enhance flexibility, and increase capital efficiency, empowering users to trade with more currencies of their choice, with the list of currencies to expand in the future.

With the addition of Multi Asset Margining, users can open and maintain positions using currencies other than a contract’s settlement currency. This eliminates the step of time–consuming asset conversions, allowing users to hold multiple currencies to gain exposure to diverse markets simultaneously.

Unlike the requirements set on most exchanges, BitMEX ensures a frictionless trading experience—users can deposit their preferred currency and start trading immediately without needing to shuffle funds between wallets.

Stephan Lutz, CEO of BitMEX said, “The launch of Multi Asset Margining on BitMEX marks a transformative milestone in simplifying trading for our users and to enhance their capital efficiency. By removing the need for tedious asset conversions and wallet transfers, this feature not only simplifies the trading process but also unlocks new opportunities for our users to maximise their capital and engage seamlessly with the crypto derivatives market. As we look to 2025 and the next decade, we want to affirm our commitment to creating a more accessible and efficient crypto trading ecosystem.”

How Does Multi Asset Margining Work?

BitMEX’s new Multi Asset Margining system automatically allocates a user’s funds to meet the margin requirements of their positions in the most efficient way possible. Traders can easily enable the feature through their account settings and monitor their available margin on the Wallet page.

To get started:

  1. Navigate to the order form on the left side of the trading UI.
  2. Click on the ‘Single Asset’ button on the top left corner of the order form. In the pop–up window, select ‘Multi Asset Margining’.
  3. The ‘Single Asset’ button should be changed to ‘Multi Asset’.
  4. Start trading with a preferred margin currency.

For the full details on how Multi Asset Margining works on BitMEX, visit the FAQ page here or the BitMEX blog.

About BitMEX

BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter and its online communities. For further inquiries, please contact press@bitmex.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ccd5092–6b64–4546–a4a6–d84595141170


GLOBENEWSWIRE (Distribution ID 1001042033)

BitMEX Launches the ‘Decade of BitMEX’ Global Campaign With a $1 Million Prize Pool to Celebrate 10 Year Anniversary

VICTORIA, Seychelles, Nov. 25, 2024 (GLOBE NEWSWIRE) — BitMEX, the OG crypto derivatives exchange, today launched ‘Decade of BitMEX’, a global campaign featuring a $1 million prize pool to celebrate its 10–year anniversary.

The campaign, which began on 25 November, is available to new, existing, and returning traders on BitMEX. Key highlights of the campaign include:

  • 50% Off BTC Spot: New users will receive a 50% discount on a one–time BTC spot purchase
  • 20 Missions For 20 Days: By completing daily trading tasks, eligible users have the opportunity to claim up to 200 USDT across 20 days
  • Decade of BitMEX Trading Competition: User must aim for the highest trading volume to win their share of a 10 BTC prize pool, $20,000 in holiday funds, luxury hotel vouchers, and more rewards

To participate in the 'Decade of BitMEX' campaign, new customers need to successfully sign up for a BitMEX account and complete their KYC process. Detailed information on the tasks and rewards can be found here.

For traders interested in joining the Decade of BitMEX Trading Competition, they can do so here.

About BitMEX
BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs with low latency, deep crypto native and especially BTC liquidity and unmatched reliability.

Since our founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Discord, Telegram and Twitter. For further inquiries, please contact press@bitmex.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a631cd0–da8d–480b–9b29–e77bc89b8bab


GLOBENEWSWIRE (Distribution ID 1001025038)