BitMEX's trading engine was down for over an hour, now online in cancel-only mode
May 19, 2020, 9:34AM EDT
1 min read
Update: BitMEX’s trading engine came back online at 13:29 UTC (9:29 am EST), but in cancel-only mode.
Crypto derivatives exchange BitMEX’s trading engine has been offline since around 12:15 UTC (8:15 am EST) today.
The exchange said it is investigating the issue to fix it “as soon as possible.”
All customer funds are safe, according to BitMEX, which added that delayed orders will be rejected and no liquidations will occur during downtime.
"There will be a cancel only period on coming back online," the exchange added.
BitMEX's website and API were also down for some time earlier today, but those are back online now, according to the exchange's status page.
BitMEX was hit with a lawsuit over the weekend for allegedly being involved in illegal activities such as market manipulation and money laundering. The lawsuit also alleged that BitMEX operates an unlicensed money transmitting business in the U.S.
Commenting on the complaint, a spokesperson of BitMEX parent company HDR Global Trading told The Block, at the time: "We will deal with this complaint through a normal litigation process and are entirely confident the court will see the claim for what it is."
LMAX Group robust technology and familiar institutional grade trading infrastructure (currently processing over 2 billion orders per day in the global FX market) is the solid backbone of LMAX Digital, delivering access to deep institutional liquidity, transparent price discovery, a regulated trading environment and a full custodian trading solution.
The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana.
We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come.