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The perpetual overload problem: BitMEX is taking steps to upgrade its platform
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Quick Take
- Perpetual swaps champion BitMEX is not adding new products until it fixes the system overload problem, sources said
- Some professional traders are switching from BitMEX to its competitors like Deribit for a better trading experience
- The firm announced on Thursday that it is working on a new trading architecture to increase its platform capacity
BitMEX is taking its overload problem seriously. The Seychelles-based, king of crypto derivatives has seen some of the most action in the nascent market, overseeing as much as $10 billion in trading a day. Still, when demand is high the system is known to overload, resulting in the cancellation of client orders en masse. BitMEX has […]
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