Is BitMEX legit?

As a cryptocurrency enthusiast and investor, I've come across BitMEX as a popular platform for derivatives trading. But, with the numerous scams and fraudulent activities in the crypto space, I can't help but ask, "Is BitMEX legit?" I've heard about its advanced trading tools, high liquidity, and a wide range of cryptocurrencies to trade, but are these features enough to vouch for its legitimacy? What measures does BitMEX take to ensure user security and transparency? And, have there been any incidents of fraud or security breaches in the past? It's crucial for me to understand these aspects before entrusting my funds with this platform.