BitMEX was created by HDR Global Trading Limited, which the former banker Arthur Hayes co-founded, and is operated out of Hong Kong. It is registered in the small island country of Seychelles. BitMEX, which stands for Bitcoin Mercantile Exchange, is the one of the most popular Bitcoin and cryptocurrency trading platforms, especially when it comes to margin trading.

What makes BitMEX stand out from the rest of the crypto exchanges is the wide array of trading instruments provided on the website, including margin trading, which is trading with leverage. BitMEX also differs from other exchanges in the fact that it only accepts Bitcoin deposits to the site.