The End of Bitmex Supremacy

What is Bitmex

Every Cryptocurrency trader has been hearing once about Bitmex now. This derivative exchange allows you to leverage up to x100 with you balance on major cryptocurrencies (BTC, ETH, XRP, LTC, EOS, TRX and BCH).
Founded in 2017, the exchange quickly became famous with enormous gains to be made during the Bull Run to the 20K USD per BTC. It also went viral when people realized they could short and so make profits during the following Bear Market.
Based in the Seychelles Islands, and run by the famous Arthur Hayes, Bitmex quickly became the Number 1 Cryptocurrency derivatives exchange.
Why is this the end of Bitmex ?
What goes up has to go down, and Bitmex knew a never-ending wave of criticisms by their own users regarding the overloading system during big volume periods, avoiding people to be able to open or closing trades in time, allowing Stop Loss to be triggered with a huge slippage at the top/bottom of a wick.
I personally chose to leave Bitmex after the recent pullback of Bitcoin, where I was shorting $8,700 with a tight stop loss, but then saw it being rejected, and even with a small leverage (x5), I ended up liquidated with a considerable amount of my balance.
After that terrible event, I decided to leave Bitmex and search for alternatives and started collecting more and more information about derivative exchanges and started a journey to find which one would fit my way of trading.
A few days after, I was surprised to see an email sent by Bitmex with all the users mail addresses publicly displayed. A few hours later Bitmex was apologizing on Twitter.
If you were registered on Bitmex, I recommend you to change all the password, activate 2FA everywhere and be the safest possible.
Statistics
Bitmex is still the N°1 cryptocurrency futures exchange. But its dominance has been decreasing since Binance Futures has been launched.

Where to margin trade now ?
I have been recommended the following exchanges :
Starting from today, I will present you one of those exchanges every week with a detailed review. Feel free to follow my Medium Page to get the updates.
PS: The links attached above are my referral links, feel free to use them to register on those platform with the link, even if you don’t plan to trade there anytime soon
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