[Testnet] Database System Update
Completed - as at 23 April 2020, 00:21 UTC
The scheduled system update has successfully concluded. The BitMEX Testnet platform is now back to full functionality, and no trading activity was affected during this period. We thank you for your patience.
Please see our blog for more detailed information: https://status.bitmex.com/incidents/mt8pgtrlgq4w
Completed - as at 23 April 2020, 00:21 UTC
The scheduled system update has successfully concluded. The BitMEX Testnet platform is now back to full functionality, and no trading activity was affected during this period. We thank you for your patience.
Please see our blog for more detailed information: https://status.bitmex.com/incidents/mt8pgtrlgq4w
Bitmex
[Testnet] Database system update
BitMEX's Status Page - [Testnet] Database system update.
Announcing The ETHUSD Quanto Futures Contract
We are launching an ETHUSD quanto futures contract with up to 50x leverage on 5 May 2020 at 04:00 UTC.
The first contract (ETHUSDM20) will expire in June. This new product will be the only one of its kind available in the market, and represents significant new trading opportunities on BitMEX.
ETHUSD quanto futures have a fixed Bitcoin multiplier regardless of the USD Ethereum price. This allows traders to long or short the ETH/USD exchange rate without ever touching either ETH or USD! Traders post margin in XBT, and earn or lose Bitcoin as the ETH/USD rate changes.
This contract combines the quanto feature of our ETHUSD perpetual swap with the expiry and settlement found in traditional futures. As with every BitMEX altcoin future, it expires quarterly.
Please see our blog for more information: https://blog.bitmex.com/announcing-the-ethusd-quanto-futures-contract/
We are launching an ETHUSD quanto futures contract with up to 50x leverage on 5 May 2020 at 04:00 UTC.
The first contract (ETHUSDM20) will expire in June. This new product will be the only one of its kind available in the market, and represents significant new trading opportunities on BitMEX.
ETHUSD quanto futures have a fixed Bitcoin multiplier regardless of the USD Ethereum price. This allows traders to long or short the ETH/USD exchange rate without ever touching either ETH or USD! Traders post margin in XBT, and earn or lose Bitcoin as the ETH/USD rate changes.
This contract combines the quanto feature of our ETHUSD perpetual swap with the expiry and settlement found in traditional futures. As with every BitMEX altcoin future, it expires quarterly.
Please see our blog for more information: https://blog.bitmex.com/announcing-the-ethusd-quanto-futures-contract/
Reduction in Base Maintenance Margin - XBT and ETH Series - 5 May 2020
On 5 May 2020 at 02:00:00 UTC, we will reduce the Base Maintenance Margin requirements for our XBT Series and ETH Series products as part of an ongoing trial period. Base Initial Margin requirements will be unchanged.
Affected contracts and corresponding Base Maintenance Margin requirements will be:
XBTUSD, XBTM20, XBTU20 0.40%
ETHUSD, ETHUSDM20, ETHM20 0.80%
These changes will be reviewed on an ongoing basis, and the end of this trial period will be announced with 1 week's notice.
Please see our blog post for further details: https://blog.bitmex.com/reduction-in-base-maintenance-margin-xbt-and-eth-series-5-may-2020/
On 5 May 2020 at 02:00:00 UTC, we will reduce the Base Maintenance Margin requirements for our XBT Series and ETH Series products as part of an ongoing trial period. Base Initial Margin requirements will be unchanged.
Affected contracts and corresponding Base Maintenance Margin requirements will be:
XBTUSD, XBTM20, XBTU20 0.40%
ETHUSD, ETHUSDM20, ETHM20 0.80%
These changes will be reviewed on an ongoing basis, and the end of this trial period will be announced with 1 week's notice.
Please see our blog post for further details: https://blog.bitmex.com/reduction-in-base-maintenance-margin-xbt-and-eth-series-5-may-2020/
Reminder: ETHUSD Quanto Future product and a further Maintenance Margin reduction going live tomorrow
- ETHUSD @ 04:00 UTC: https://blog.bitmex.com/announcing-the-ethusd-quanto-futures-contract/
- Maintenance Margin Changes @ 02:00 UTC: https://blog.bitmex.com/reduction-in-base-maintenance-margin-xbt-and-eth-series-5-may-2020/
(More details in posts above)
- ETHUSD @ 04:00 UTC: https://blog.bitmex.com/announcing-the-ethusd-quanto-futures-contract/
- Maintenance Margin Changes @ 02:00 UTC: https://blog.bitmex.com/reduction-in-base-maintenance-margin-xbt-and-eth-series-5-may-2020/
(More details in posts above)
Reduction in Base Maintenance Margin - XBT and ETH Series - 5 May 2020
We have reduced our Base Maintenance Margin requirements for our XBT Series and ETH Series products today, 5 May 2020, with effect from 02:00:00 UTC as part of an ongoing trial period. Base Initial Margin requirements remain unchanged.
Please note that the cap on the absolute Funding Rate (https://www.bitmex.com/app/perpetualContractsGuide#Funding-Rate-Caps) will change in line with its definition as 75% x (Initial Margin - Maintenance Margin) and the cap on Funding Rate changes between Funding Intervals (75% of Maintenance Margin) will also reduce.
Please see our blog post for further details: https://blog.bitmex.com/reduction-in-base-maintenance-margin-xbt-and-eth-series-5-may-2020/
We have reduced our Base Maintenance Margin requirements for our XBT Series and ETH Series products today, 5 May 2020, with effect from 02:00:00 UTC as part of an ongoing trial period. Base Initial Margin requirements remain unchanged.
Please note that the cap on the absolute Funding Rate (https://www.bitmex.com/app/perpetualContractsGuide#Funding-Rate-Caps) will change in line with its definition as 75% x (Initial Margin - Maintenance Margin) and the cap on Funding Rate changes between Funding Intervals (75% of Maintenance Margin) will also reduce.
Please see our blog post for further details: https://blog.bitmex.com/reduction-in-base-maintenance-margin-xbt-and-eth-series-5-may-2020/
New ETHUSD Futures Went Live Today (5 May 2020) at 04:00 UTC
Today, 5 May 2020, our latest product, the ETHUSD quanto futures contract, went live.
Trading started here: https://www.bitmex.com/app/trade/ETHUSDM20 at 04:00 UTC - see the full contract specs on our website: https://www.bitmex.com/app/contract/ETHUSDM20.
Today, 5 May 2020, our latest product, the ETHUSD quanto futures contract, went live.
Trading started here: https://www.bitmex.com/app/trade/ETHUSDM20 at 04:00 UTC - see the full contract specs on our website: https://www.bitmex.com/app/contract/ETHUSDM20.
What Does the Halving Mean For BitMEX Users?
The world seems like a very different place since the eve of the last Bitcoin halving in June 2016 – not least as the price of a coin was around $650 back then. And despite Bitcoin's relative infancy, as in life, so much has changed yet so much remains the same. Just like ahead of the halvings in 2012 and 2016, we're seeing the same questions. Will miners exit? Will the hashrate drop? Will confidence decline? Will there be a price correction? And today, all are with the added and swirling complexity of COVID-19.
Continue to read on our blog here: https://blog.bitmex.com/what-does-the-halving-mean-for-bitmex-users/
The world seems like a very different place since the eve of the last Bitcoin halving in June 2016 – not least as the price of a coin was around $650 back then. And despite Bitcoin's relative infancy, as in life, so much has changed yet so much remains the same. Just like ahead of the halvings in 2012 and 2016, we're seeing the same questions. Will miners exit? Will the hashrate drop? Will confidence decline? Will there be a price correction? And today, all are with the added and swirling complexity of COVID-19.
Continue to read on our blog here: https://blog.bitmex.com/what-does-the-halving-mean-for-bitmex-users/
Scheduled for 14 May 2020, 2100 UTC - 14 May 2020, 2300 UTC
As part of a series of ongoing changes designed to improve our quality of service and scalability, please be advised that we will be performing a system update to our database service in production starting Thursday 14 May 2020, at 2100 UTC. The system update is expected to last approximately two hours.
Trading, logins, and other key API features will remain operational, however, please note that the following features will be disabled during this scheduled maintenance period:
- Withdrawal requests
- Trollbox muting
- New account signup & email verification
- Password resets
- Preferences updates
- API Key creation/deletion/enabling/disabling
- Address creation/amendment/deletion
- 2FA enabling/disabling
- Address Skip Confirm Email enabling
We will make a further announcement here to confirm completion of the system update.
Please feel free to contact Support with any concerns you may have about the scheduled update via our contact form: https://www.bitmex.com/app/support/contact.
As part of a series of ongoing changes designed to improve our quality of service and scalability, please be advised that we will be performing a system update to our database service in production starting Thursday 14 May 2020, at 2100 UTC. The system update is expected to last approximately two hours.
Trading, logins, and other key API features will remain operational, however, please note that the following features will be disabled during this scheduled maintenance period:
- Withdrawal requests
- Trollbox muting
- New account signup & email verification
- Password resets
- Preferences updates
- API Key creation/deletion/enabling/disabling
- Address creation/amendment/deletion
- 2FA enabling/disabling
- Address Skip Confirm Email enabling
We will make a further announcement here to confirm completion of the system update.
Please feel free to contact Support with any concerns you may have about the scheduled update via our contact form: https://www.bitmex.com/app/support/contact.
[Production] Database system update - COMPLETED
The scheduled system update has successfully concluded. The BitMEX platform is now back to full functionality, and no trading activity was affected during this period. We thank you for your patience.
The scheduled system update has successfully concluded. The BitMEX platform is now back to full functionality, and no trading activity was affected during this period. We thank you for your patience.
Ben Radclyffe appeared virtually at Chain Talk's #CASummit yesterday discussing the evolution of markets and the importance of healthy and liquid crypto-currency exchanges.
Watch the full presentation back here: https://www.youtube.com/watch?v=_jyba5ngg-0
For further info on Chain Talk's Crypto Asia Summit follow their channel here: https://t.me/chaintalktv
Watch the full presentation back here: https://www.youtube.com/watch?v=_jyba5ngg-0
For further info on Chain Talk's Crypto Asia Summit follow their channel here: https://t.me/chaintalktv
YouTube
Ben Radclyffe's Crypto Asia Keynote
BitMEX's Commercial Director, Ben Radclyffe appeared “as live” at ChainTalk's Crypto Asia Virtual Summit on 18 May 2020.
He discusses the evolution of market makers and their relevance for healthy and liquid crypto-currency exchanges today. Watch his full…
He discusses the evolution of market makers and their relevance for healthy and liquid crypto-currency exchanges today. Watch his full…
Incident title: Trading engine downtime
Incident time: May 19, 2020 - 12:13 UTC
Incident status: Investigating
Details: The Trading Engine is currently down. We're working to bring it back online as soon as possible. Further updates to follow shortly.
BitMEX.com - Trading Engine - Operational
Incident time: May 19, 2020 - 12:13 UTC
Incident status: Investigating
Details: The Trading Engine is currently down. We're working to bring it back online as soon as possible. Further updates to follow shortly.
BitMEX.com - Trading Engine - Operational
Incident title: Trading engine downtime
Incident time: May 19, 2020 - 12:28 UTC
Incident status: Investigating
Details: We are continuing to investigate this issue.
BitMEX.com - Trading Engine - Major outage
Incident time: May 19, 2020 - 12:28 UTC
Incident status: Investigating
Details: We are continuing to investigate this issue.
BitMEX.com - Trading Engine - Major outage
UPDATE: The BitMEX Trading Engine is currently down.
We're working to bring it back online as soon as possible.
We can confirm all funds are safe, delayed orders will be rejected, and no liquidations will occur during the downtime.
On coming back online, there will be a cancel only period initially.
For official updates please follow https://status.bitmex.com and continue to monitor this channel
We're working to bring it back online as soon as possible.
We can confirm all funds are safe, delayed orders will be rejected, and no liquidations will occur during the downtime.
On coming back online, there will be a cancel only period initially.
For official updates please follow https://status.bitmex.com and continue to monitor this channel
Incident title: Trading engine downtime
Incident time: May 19, 2020 - 13:29 UTC
Incident status: Monitoring
Details: We’re bringing the BitMEX platform back online, initially via cancel only mode until 13:40 UTC, where no new orders can be placed. All funds are safe, withdrawals will be delayed until after the outage has been resolved, likely 15:00 UTC. No liquidations have occurred during the downtime.
We apologise for any inconvenience this may be causing. We are looking into the cause of this issue, and will be sharing an update as soon as possible. If you have any further questions, please contact us via https://www.bitmex.com/app/support/contact.
BitMEX.com - Trading Engine - Degraded performance
Incident time: May 19, 2020 - 13:29 UTC
Incident status: Monitoring
Details: We’re bringing the BitMEX platform back online, initially via cancel only mode until 13:40 UTC, where no new orders can be placed. All funds are safe, withdrawals will be delayed until after the outage has been resolved, likely 15:00 UTC. No liquidations have occurred during the downtime.
We apologise for any inconvenience this may be causing. We are looking into the cause of this issue, and will be sharing an update as soon as possible. If you have any further questions, please contact us via https://www.bitmex.com/app/support/contact.
BitMEX.com - Trading Engine - Degraded performance
Incident title: Trading engine downtime
Incident time: May 19, 2020 - 14:00 UTC
Incident status: Monitoring
Details: We can confirm trading resumed at 13:40 UTC. Withdrawals will be processed at 14:00 and 15:00 UTC. A full review of the incident will be posted in due course. We know how much this impacts our customers, and we'd like to apologise to all those affected. If you have any further questions, please contact us via https://www.bitmex.com/app/support/contact.
BitMEX.com - Trading Engine - Operational
Incident time: May 19, 2020 - 14:00 UTC
Incident status: Monitoring
Details: We can confirm trading resumed at 13:40 UTC. Withdrawals will be processed at 14:00 and 15:00 UTC. A full review of the incident will be posted in due course. We know how much this impacts our customers, and we'd like to apologise to all those affected. If you have any further questions, please contact us via https://www.bitmex.com/app/support/contact.
BitMEX.com - Trading Engine - Operational
Incident title: Trading engine downtime
Incident time: May 19, 2020 - 17:22 UTC
Incident status: Resolved
Details: The platform is up to full capacity as of 13:40 UTC. All secondary checks are complete and support agents are resolving tickets. Two withdrawal batches were done today, at 14:00 UTC and 15:00 UTC.
Teams are assembling a full post-mortem which will be shared publicly within the next few days.
Due to the downtime, the period between 12:00 and 13:40 UTC is being excluded for funding rate calculations on perpetual swaps.
BitMEX.com - Trading Engine - Operational
Incident time: May 19, 2020 - 17:22 UTC
Incident status: Resolved
Details: The platform is up to full capacity as of 13:40 UTC. All secondary checks are complete and support agents are resolving tickets. Two withdrawal batches were done today, at 14:00 UTC and 15:00 UTC.
Teams are assembling a full post-mortem which will be shared publicly within the next few days.
Due to the downtime, the period between 12:00 and 13:40 UTC is being excluded for funding rate calculations on perpetual swaps.
BitMEX.com - Trading Engine - Operational