BitMEX is primarily a derivatives platform offering perpetual and futures contracts with up to 250x leverage. You trade these contracts by using your deposited crypto (such as USDT, USDC, or BTC) as collateral. It uses Multi-Asset Margining, allowing multiple collateral currencies to support your open positions.
BitMEX has announced that it will permanently shut down its exchange on 23 September 2026 at 04:00 UTC. New account registrations have already been disabled, and the platform will cease operations following a strategic decision by its operator, HDR Global Trading Limited. If you have funds or open positions on BitMEX, you should take the necessary steps to withdraw your assets and close your positions before the shutdown date.
4.5 / 5
1 user ratings
Integrated Wallet
Proof Of Reserves
Instant Verification
Mobile App
Affiliate Program
Two-factor Authentication
BitMEX Alternatives
Explore and compare the 6 most popular BitMEX alternatives and competitors.
BitMEX has announced that it will permanently shut down its exchange on 23 September 2026 at 04:00 UTC. New account registrations have already been disabled, and the platform will cease operations following a strategic decision by its operator, HDR Global Trading Limited. If you have funds or open positions on BitMEX, you should take the necessary steps to withdraw your assets and close your positions before the shutdown date.
6 most popular BitMEX alternatives based on 69 customer reviews
Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 164 countries, and bitcoin transactions and storage in 190 countries worldwide.
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Ease of Use
Equal
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Worse
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Bybit, headquartered in Dubai, caters to experienced traders around the world, excluding the US, and is renowned for providing impressive leverage of up to 100x.
Ease of Use
Worse
Value for Money
Worse
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Equal
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With OKX, an established crypto exchange, you can buy, hold, and exchange a large selection of cryptocurrencies. Its portfolio contains around 350 cryptocurrencies and requires no deposit fees. Users can buy cryptocurrencies in a few clicks using a card, bank account, or digital wallet.
Ease of Use
Worse
Value for Money
Worse
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Worse
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Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Their mission is to be the infrastructure provider for crypto in tomorrow’s world.
⚠️ EU Regulatory Warning
Binance has announced that it will suspend services for EU customers from July 1, 2026, after failing to obtain a MiCA licence. If you live in the European Union, we recommend using a MiCA-licensed exchange to avoid potential service interruptions.
Ease of Use
Equal
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Equal
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Backpack Exchange is a regulated crypto platform focused on security and transparency. Users can buy, sell, and trade cryptocurrencies, while earning interest through auto-lending without locking funds. Licensed in Dubai and expanding to the EU, Backpack offers proof-of-reserves and secure custody to protect users, making it beginner-friendly yet powerful for experienced traders.
Ease of Use
Better
Value for Money
Better
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Equal
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Kraken.com is one of the world’s largest and longest-standing cryptocurrency broker trading platforms. Founded in 2011 and headquartered in the U.S., it provides users with access to a wide range of digital assets such as Bitcoin, Ethereum, and many altcoins.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.
Ease of Use
Worse
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Equal
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Worse
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