This ordeal was classified by many traders as an implementation “circuit breaker,” but BitMEX put it down to a botnet attack.
Either way, the exchange’s trading stopped, much to the dismay of the rest of the community.
The BitMEX Trading Engine is currently down.
— The Wolf Of All Streets (@scottmelker) May 19, 2020Regardless of BitMEX’s reasoning and that of their traders, in terms of daily trades, the exchange hasn’t budged.
At press time, BitMEX was the most liquid derivatives exchange in the market, ahead of Binance with a spread of 0.41 percent.

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