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BitMEX has completed its User Verification Programme, claiming to start 2021 with "a fully verified active user base." BitMEX ramped up the rollout of its know-your-customers (KYC) program on October 21, after the Commodity Futures Trading Commission (CFTC) filed money-laundering and other civil charges against it. The BitMEX Programme had some theet behind it as, according to BitMEX's initial announcement, all its customers who remained unverified by December 4 would have lost the ability to deposit, trade, and withdraw their funds.

Bitcoin derivatives exchange BitMEX continues to field criticism after attempting to explain a mass liquidation event during which BTC/USD crashed 60%. In this blog post BitMEX addressed questions from traders about the event and how its "insurance fund" works.

Since Black Thursday, BitMex users have been withdrawing Bitcoins from the exchange in droves. Although it coincides with the recent trend of traders moving Bitcoins away from centralized exchanges in general, in the case of BitMex, the drop is more pronounced.

Bitmex is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by November 5, 2020 to continue trading on the platform. The original deadline was February 21, 2021. Unverified users will not be able to open new positions after this date. They will also"not be able to withdraw funds from their Bitmex account without completing verification beginning December 4, 2020.

Bitcoin volatility during the first week of June has left both bulls and bears facing significant liquidations, with almost $223 million in 24-hour margin calls on leading derivatives exchange BitMEX being evenly spread between BTC shorts and longs, according to Cryptometer. It caused a sudden price crash to as low as $8,600 on BitMEX.

BitMEX will impose mandatory identity verification for all users. Registering to trade on BitMEX currently takes "less than 30 seconds," according to its homepage, where new users outside of restricted jurisdictions are required to enter only an email address, password and pick a country of residence. That will end on August 28 when verification will be mandatory for all users, a process that will include proofs of location, funds, and trading experience. The policy change comes with a six-month "grace period" ending in February 2021 to accommodate unverified users completing the process.

BitMEX has reached a $100 million settlement with the Commodity Futures Trading Commission and Financial Crimes Enforcement Network (FinCEN) for illegally operating a cryptocurrency trading platform and anti-money laundering violations. In addition, the company will be required to hire an independent consultant to conduct a historical analysis of its transactions to determine if it failed to properly report suspicious activity. Today's consent order bars BitMEX from selling certain types of crypto investment contracts in the U.S. without registering with the CFTC.

BitMEX launched a mobile trading app in 140 countries, two weeks after BitMEX's first-ever identity verification requirement was announced. Built completely in-house, the mobile trading product closely matches the desktop experience, including biometric unlocks and fingerprint scanning, and it is already up and running.

The bitcoin market bloodbath has continued, with BTC testing the $7750 support on Thursday (September 26). It all began on the 25th, with the spread widening on BitMEX and futures contracts getting continuously liquidated....

According to the data analytics provider Skew on Feb. 26, over $150 million worth of Bitcoin was liquidated on the trading exchange BitMEX, the most seen since the new year began. Millions of dollars of long and short positions caused the value of the cryptocurrency to fall to $8,580, a decrease of more than 6%.

On Sunday, BitMex had the most Bitcoin-related liquidations in three months, according to crypto derivatives tracker Skew. More than $190 million has been liquidated on the exchange in the last 24 hours, according to TokenAnalyst.io. BitMex offers as much as 100 times leverage on futures contracts, and when trades go bad, users are at risk of facing margin calls on what's borrowed that can end up leading to the liquidation of their position.

While bitcoin's (BTC) price is rallying, traders have scaled back their open interest positions in bitcoin perpetual contracts listed on the crypto derivatives exchange BitMEX.

Since the March 12 crypto crash there has been a reshuffling of the top futures marketplaces for crypto assets with BitMEX losing some of its market share to Binance. This may have an on-going impact across crypto markets, especially considering BitMEX's outsized influence on price discovery. Only time will tell if BitMEX is able to recover the lost market share, or if the marketplace is undergoing a true changing of the guard.

One of the main protagonists in the fateful crash on March 12 is BitMEX, which suffered a distributed denial-of-service (DDoS) attack on the worst day imaginable. Ironically, that attack may have helped stop and even reverse part of bitcoin's price plunge. 

The U.S. Department of Justice and the Commodity Futures Trading Commission (CFTC) have filed charges against crypto derivatives exchange BitMEX and its owner-operators. They are accused of operating a facility for the trading or processing of swaps without having CFTC approval as a designated contract market or swap execution facility, and operating as a futures commission merchant by soliciting orders for and accepting bitcoin to margin digital asset derivatives transactions, and by acting as a counterparty to leveraged retail commodity transactions. They are also accused of violating anti-money laundering (AML) and know-your-customer (KYC) regulations. https://www.cftc.gov/PressRoom/PressReleases/8270-20

The months-long CFTC probe is focused on whether BitMEX broke rules by allowing Americans to trade on the platform, which isn't registered with the agency, said one of the people who asked not to be named discussing the investigation, which hasn't been made public. The regulator considers virtual currencies like Bitcoin to be commodities, and it has jurisdiction over futures and other derivatives based on them.

In a dramatic bit of stagecraft, BitMEX has finally released the "tapes" from its so called Tangle In Taipei, a July 3 debate between CEO Arthur Hayes and NYU Professor and so-called Dr. Doom, Nouriel Roubini. It even comes with dramatic fight music."

Nouriel Roubini debated Arthur Hayes of BitMEX - and BitMEX is refusing to release the full recording, instead releasing "edited highlights." Roubini is threatening to sue. However, Mike Dudas from The Block has posted his notes from the debate.

BitMEX is preparing to launch bitcoin zero coupon bond in the next few weeks as the exchange expands into fixed income.

The BTC- and ETH-based perpetual swaps, are extremely similar to those innovated by BitMEX. The BFX products also offer 100x leverage and use the same interest rate mechanism. However, while BitMEX settles exclusively in BTC, BFX products settle in Tether."