dallas
423 posts


“Bitcoin down to $8,900 on BitMEX?" Well, not quite the whole picture.
Yes, we are investigating potential misconduct by traders on our Bitcoin-USDT Spot market (👀Did you even know we offer Spot trading?)
However, this incident had NO impact on our billion-dollar derivatives markets. It did not move mark prices, and no liquidations were triggered by it because our indices are independent and battle-tested.
(List of our index prices here: bitmex.com/app/indices)
We create fair and equal markets for all by not employing internal market makers. The BTC sell orders this morning were simply too big and frequent for independent market makers and other traders to react to. As is standard, our compliance team 👮 is investigating the accounts and transactions triggering this price movement.
Meanwhile, our trading platform continues to operate normally. All trading is BAU, and all funds are secure. Deposits and withdrawals are being processed as usual, often within minutes.
And PS: Next time you come across clickbait like "Bitcoin at $8,900 on BitMEX!" - remember that only @CryptoCapo_ himself can reliably claim a price below 12k!

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Live on youtube in a $400,000.00 #btc long trade and I'm giving away $1,000 of the profits at the end of the stream!!! Retweet this tweet and hop in the stream!!!
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LFGGGG CHICKEN MASTER
Jayson Casper@jayson_casper
Live on youtube!! Giving away $1000USDT to somebody in the live chat!!
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We have re-enabled transfers on Coinbase․com.
We will begin to progressively re-enable trading on Coinbase․com once our Exchange maintenance is complete.
Follow the opening of trading for assets on Coinbase․com here: 👇
status.coinbase.com/incidents/w329…
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