Alisa Davidson
Revealed: November 26, 2025 at 4:50 am Up to date: November 26, 2025 at 4:51 am
Edited and fact-checked:
November 26, 2025 at 4:50 am
In Temporary
BitMEX is celebrating eleventh anniversary by sharing key trade classes, emphasizing transparency and innovation in crypto derivatives, and launching the Legends Showdown competitors.
Cryptocurrency trade and derivatives buying and selling platform BitMEX, introduced the celebration of its eleventh anniversary. To commemorate this milestone, the BitMEX workforce has shared a number of the most necessary classes it has gathered over the previous eleven years. The insights provide worthwhile steering for each merchants and cryptocurrency companies.
Based on BitMEX, since most merchants entered the cryptocurrency area in 2017 or later, many are unfamiliar with the early rise of BitMEX and the period earlier than futures exchanges existed. Whereas not the very first to supply such merchandise, BitMEX performed a pivotal position in popularizing Bitcoin futures, offering each retail {and professional} merchants with entry to leveraged buying and selling. This improvement additionally attracted Wall Road individuals, giving them a chance to use technical evaluation expertise inside the cryptocurrency market.
The anniversary letter begins by celebrating Bitcoin’s outstanding development during the last eleven years, establishing itself as one of many top-performing property of the last decade. Nevertheless, the main focus isn’t solely on nostalgia. The letter primarily emphasizes the significance of the improvements launched inside the trade, highlighting the developments that BitMEX and the broader cryptocurrency ecosystem have contributed to over time.
“Earlier than we launched the XBTUSD perpetual,” it boasts with some justification, “crypto derivatives had been a joke,” stated the BitMEX founder in a written assertion. “You had clunky, expiring quarterly futures on illiquid exchanges. You couldn’t commerce; you would solely punt in a path after which pray that…the unfold between the long run and the spot value didn’t liquidate you first,” he added.
BitMEX performed a pivotal position in popularizing perpetual swaps within the cryptocurrency market, which are actually extensively accepted and used. The platform has maintained a number one place on this space, largely as a result of new funding price mechanism, which requires longs to pay shorts or vice versa relying on market path. Understanding funding charges can provide strategic benefits, as merchants taking positions reverse the bulk—going quick when the market is predominantly lengthy, for instance—can have their charges offset.
BitMEX Marks eleventh Anniversary With Legends Showdown, Providing 5 BTC Prize Pool To Prime Merchants
The trade makes use of a number of insights from its eleventh anniversary to spotlight the significance of transparency, each on-chain and on centralized exchanges. The platform stresses that transparency is essential for trade safety, serving to to keep away from operational errors and asset commingling that contributed to the collapse of exchanges equivalent to Mt. Gox and FTX.
In its early years, BitMEX was recognized not just for providing excessive leverage but additionally for the deliberate slowness of withdrawals. This delay, which may take as much as 24 hours attributable to funds being saved in multi-signature chilly wallets, was an intentional safety measure reasonably than a flaw. By avoiding heat wallets, the platform eradicated a typical goal for hackers. BitMEX explains, “It was sluggish. It was costly. It made us miss the ‘immediate deposit/withdrawal’ advertising and marketing hype. And that’s the actual motive we’ve by no means misplaced a single Satoshi to a hack.”
BitMEX argues that this dedication to transparency stays important in the present day, extending past trade operations to broader areas equivalent to stopping market manipulation and making certain honest pricing. In decentralized finance (DeFi), the platform advises warning with high-yield stablecoins, recommending that customers examine the supply and sustainability of yields to keep away from collapses just like Terra/LUNA.
Whereas the 11-year retrospective contains sobering classes on the dangers of excessive leverage and excessive yields, it concludes on a celebratory notice.
With a view to mark the milestone, BitMEX is launching the BitMEX Legends Showdown with a 5 BTC prize pool. This chance is especially interesting to skilled merchants accustomed to foundation spreads, expiry dates, and people holding robust PnL for the 12 months. The platform celebrates 11 years of development and innovation, trying ahead to persevering with the legacy of perpetual swaps.
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About The Creator
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
