What is BitMEX and how does it work?

BitMEX is a cryptocurrency exchange and derivative trading platform. It is owned and operated by HDR Global Trading Limited, which is registered in the Seychelles. BitMEX offers a variety of cryptocurrency-based financial products, including perpetual contracts, futures contracts, and options contracts.

Is BitMEX safe for crypto investors?

Yes, BitMEX is safe for crypto investors. It uses multi-signature access, 2FA verification, and cold storage for protecting assets and trades. Is BitMEX a Good Trading Platform?

What is XBT-USD on BitMEX?

On BitMEX, XBT-USD is one of the most traded perpetual swaps that changed the crypto industry for the better. The BitMEX team continues to innovate with robust trading engine security and new perpetual swaps. Under the regulations of the Commodity Future Trading Commission, the BitMEX trading engine helps people in trading currency directly.

What are XBT futures?

In XBT futures’ case, each contract is worth $1 of Bitcoin at any price. XBT futures are inverse contracts because they are quoted as XBT/USD but the underlying is USD/XBT or 1 / (XBT/USD). They are quoted as an inverse to facilitate hedging US Dollar amounts while the spot market convention is to quote the number of US Dollars per Bitcoin.