BitMEX (HDR Global Trading Limited)

To empower traders by setting the industry benchmark for innovation, security, and performance in the digital asset market.

BitMEX is a cryptocurrency derivatives exchange that has served professional traders since 2014. The platform pioneered the perpetual swap in 2015, which became the most widely traded crypto product globally. With over 100 derivatives contracts, 16 spot trading pairs, and conversion between 30+ cryptocurrencies, BitMEX offers deep liquidity and sub-4ms latency execution. The exchange maintains a perfect security record with zero customer funds lost to hacks, publishing daily Proof of Reserves and Proof of Liabilities since 2021. Beyond crypto derivatives, BitMEX now offers 'TradFi Perps' — letting users trade traditional equities, forex, and commodities like crude oil using crypto collateral. The platform serves over 2.1 million registered traders across 180+ countries.

Products

The core platform offers perpetual swaps, futures, and options with up to 100x leverage. BitMEX's XBTUSD perpetual swap, launched in 2016, remains one of the most traded cryptocurrency products globally. Recent expansion includes traditional finance perpetuals for equities, forex, and commodities traded 24/7 with crypto collateral. The BMEX utility token provides holders up to 75% trading fee discounts and VIP perks. Additional features include copy trading, automated trading bots, advanced charting, maker rebates, and a high-speed API for algorithmic traders. The platform supports Bitcoin, Tether, and Ethereum as collateral.

Funding

BitMEX is privately held by HDR Global Trading Limited and has been largely bootstrapped since its founding. The company raised approximately $230,000 in early-stage funding, including a SAFE round in 2015 with participation from SOSV and Orbit Ventures. Rather than pursuing traditional venture capital rounds, BitMEX has remained profitable through trading fees and operates as a self-sustaining entity. The company has not disclosed any major funding rounds or external investors beyond its initial seed activity.

Recent news

In June 2026, BitMEX launched a pre-IPO perpetual swap contract for SpaceX (SPCXUSDT), allowing traders to gain exposure to the company's valuation a week before its anticipated Nasdaq debut. Additionally, in May 2026, BitMEX partnered with Banxa to expand its fiat-to-crypto on-ramp and off-ramp services across 180 countries.

Technology

The platform runs on React, Next.js, and TypeScript for the frontend, with React Native for mobile apps alongside native Swift and Kotlin. Backend services use Node.js, Python, Java, and Go, supported by PostgreSQL and Redshift databases. The core trading engine is built on KDB/Q for ultra-low latency performance. Analytics infrastructure uses Segment to route data into Mixpanel, GA4, and AppsFlyer for attribution tracking. Infrastructure is managed through Terraform, Docker, and Kubernetes on AWS. The system integrates webhooks and REST APIs for seamless third-party connections.

Benefits

BitMEX offers fully remote work with the Beyond Border policy, allowing employees to work from any country. Remote contractors get work-from-home flexibility, paid holidays, and the unique option to receive compensation in either fiat or cryptocurrency. The company organizes global team building and offsite events to connect distributed teams. Additional perks include a home office setup allowance, professional development budget, comprehensive health coverage, flexible time off, and wellness programs. The culture values agility and simplicity while supporting a diverse, cross-timezone workforce.