How much is the BitMEX insurance fund worth?

The BitMEX insurance fund currently sits at around 21,000 Bitcoin or around US$70 million based on current Bitcoin spot prices. This represents only 0.007% of BitMEX’s notional annual trading volume, of around one trillion USD.

What is BitMEX security?

BitMEX security is fortified with a unique multi-signature system for deposit and withdrawal. This system enables users to protect their BitMEX addresses with multi-signature. Storage of user assets such as Bitcoin and the private keys is entirely offline. When there is a complete system compromise, BitMEX will not lose any assets via web servers.

Is BitMEX safe to trade?

BitMEX has several safe trading features. It uses bank-like security with advanced data protection measures. This helps in maintaining the highest standard of business safety for BitMEX and its customers. The customer assets are also stored in cold wallets.

What is the BitMEX trading engine?

Under the regulations of the Commodity Future Trading Commission, the BitMEX trading engine helps people in trading currency directly. It helps generate value for Bitcoin and other crypto coins, which are not the actual coins. High-frequency algorithmic trading at BitMEX continues to help traders who sell contracts on Bitcoin swaps.