BitMEX is a crypto derivatives trading platform founded in 2014 and headquartered in the Seychelles. With daily volume exceeding $2.5 billion, the portal allows users to short sell, margin trade and buy leveraged contracts like future or perpetual contracts, with 100x leverage offered on some products. Unlike Binance and Coinbase, it’s not possible to deposit fiat currency on BitMEX; all deposits and withdrawals are made in bitcoin.
Learn more about Bitmex
- Known for high-leverage trading
- Second biggest crypto derivatives market by open interest
- All profit and loss is in bitcoin