Is BitMEX insured?

In short, BitMEX isn’t authorized by the Commodities Futures Trading Commission (CFTC). Since it doesn’t have a license, you can’t use their services in the US – unless you get an IP address from a country where BitMEX is accessible . A VPN can help you here!

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 .

Daily Insurance Fund Balance BitMEX uses an Insurance Fund to avoid Auto-Deleveraging in traders’ positions.

The platform is used for building perpetual contracts on margin trading. BitMEX is one of the most advanced peer-to-peer platforms for crypto trading. … The platform is reliable and provides liquidity to support Bitcoin trades. Despite cryptocurrency risks, the platform is backed by hedge funds from around the world.