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BitMEX Announces a 345,000 USDT Prize Pool for New and Existing Traders to Win in March

MAHE, Seychelles, March 17, 2025 (GLOBE NEWSWIRE) — BitMEX, the OG crypto derivatives exchange, has announced a 345,000 USDT prize pool to celebrate the month of March.

The campaign, which began on 5 March, is available to new, existing, and returning traders on BitMEX. Key highlights of the campaign include:

  • Whale Wars Trading Competition: Users must aim for the highest trading volume, PnL, and/or ROI% to win their share of a 305,000 USDT prize pool
  • Spot Trading Arena: New users that trade BTC, ETH, SOL, XRP on BitMEX Spot will share a 40,000 USDT prize pool – with a guaranteed 100 USDT loss protection subsidy for BTC traders

The Whale Wars Trading Competition started on 5 Mar 2025 at 11:00 AM (UTC) and will end on 28 Mar 2025 at 11:59 PM (UTC). Traders can compete for the highest trading volume, PnL, and ROI%, with each trader eligible to win rewards across all three leaderboards.

Bottom traders will also stand to benefit, with a 2,500 USDT bonus available to the bottom 5 traders with the highest loss in PnL. For traders interested in participating in the competition, they can do so here.

The Spot Trading Arena will begin on 14 March 2025 at 12:00 AM (UTC) and will end on 31 March 2025 at 11:59 PM (UTC). Detailed information on the tasks and rewards can be found here.

To participate in BitMEX’s March campaign, new customers need to successfully sign up for a BitMEX account and complete their KYC process. 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 [email protected].


GLOBENEWSWIRE (Distribution ID 1001054131)

BitMEX Reduces Multi Asset Margining Haircuts By 60% and Adds SOL as Margin Currency

MAHE, Seychelles, March 04, 2025 (GLOBE NEWSWIRE) — BitMEX, the OG crypto derivatives exchange, has announced major updates for its Multi Asset Margining users, including a 60% reduction in haircuts and the addition of SOL (Solana) as a margin currency. This upgrade allows users on BitMEX to experience one of the lowest haircut rates in the crypto industry, and trade any derivatives contract on the platform with SOL as collateral.

BitMEX previously launched its Multi Asset Margining feature in January, to offer users better simplicity and capital efficiency when trading derivatives contracts. With the recent update, BitMEX now supports USDT, USDC, BTC, ETH, and SOL as collateral, with one of the lowest haircut rates available in the market.

Stephan Lutz, CEO of BitMEX, commented, “At BitMEX, we are committed to constantly improving our platform to enhance the trading experience for our users. Building on the launch of Multi Asset Margining earlier this year, we’re taking it a step further by significantly reducing haircuts and expanding our collateral options with SOL. This update is part of our ongoing efforts to provide greater capital efficiency and flexibility, empowering traders with more optimised trading solutions.”

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. BitMEX’s Multi Asset Margining system automatically allocates a user’s funds to meet the margin requirements of their positions in the most efficient way possible.

To get started with Multi Asset Margining, users need to switch their account’s margin mode to ‘Multi Asset Margining’ on the order form of the trading page. For more detailed instructions on how to enable Multi Asset Margining on BitMEX, visit here.

For more information on the new update to the Multi Asset Margining feature on BitMEX, please visit this page.

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 [email protected].


GLOBENEWSWIRE (Distribution ID 1001051916)

BitMEX Launches 20 New Altcoin Options Featuring LTC, SUI, LINK, and More

Traders can now access 20 new altcoin options contracts for Litecoin, Sui, Chainlink, Aave, and more on BitMEX

MAHE, Seychelles, Feb. 05, 2025 (GLOBE NEWSWIRE) — BitMEX, the OG crypto derivatives exchange, is excited to announce the launch of 20 new option contracts, offering traders one of the first–ever opportunities to engage with a diverse range of altcoin options across Litecoin (LTC), SUI (Sui), LINK (Chainlink), AAVE (Aave), and more.

BitMEX Options delivers on deep liquidity and low slippage through an Orderbook and a Request–for–Quote (RFQ) interface, allowing users to trade single–leg or multi–leg options with the lowest minimum sizes in the industry. This combined with the Strategies Dashboard that enables traders to execute advanced options strategies with a single click, makes trading altcoin options accessible to any type of user.

Stephan Lutz, CEO of BitMEX said, “With the markets showing more volatility than ever, traders have an opportunity to push their strategies further, and we want to ensure they have every advantage. With this expansion, BitMEX is delivering what traders demand – a wider range of assets whilst empowering them with cutting–edge features that make executing sophisticated strategies effortless. With the addition of 20 new altcoin pairs, it reinforces our commitment to making BitMEX the go–to platform for options trading.”

Options traders can now access options pairs for BTC, ETH, AAVE, ADA, APT, AVAX, BCH, DOGE, FIL, ICP, LDO, LINK, LTC, MMPEPE, MMSHIB, MNT, OP, ORDI, SOL, SUI, TON, TRX, UNI, WLD, and XRP – totalling 26 pairs available for trading on BitMEX Options.

Ready to Trade? Sign up for BitMEX today and explore the full suite of options trading at https://www.bitmex.com/app/options.

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 [email protected].

Photos accompanying this announcement are available at: 

https://www.globenewswire.com/NewsRoom/AttachmentNg/c35a0026–3fd6–4578–b911–24f3b3aed0ff

https://www.globenewswire.com/NewsRoom/AttachmentNg/d07afd47–2728–4646–9a2f–85d7c091d824


GLOBENEWSWIRE (Distribution ID 1001046744)

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 [email protected].

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 [email protected].

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 [email protected].

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


GLOBENEWSWIRE (Distribution ID 1001025038)