The trading engine for BitMEX went down briefly on Tuesday, as per the status page of the exchange. Notably, BitMEX was formerly the biggest BTC derivatives exchange measured by Bitcoin Open Interest (OI).
As per the data by Skew, the Bitcoin derivatives exchange witnessed over two billion USD in BTC futures trading volume over the last day.
Responding on the situation, BitMEX updated the event to a key outage and took the trading engine offline. Nevertheless, throughout the occurrence, the exchange reported its API and web front end to be operational.
In an update, BitMEX mentioned:
“The BitMEX Trading Engine is currently down. We’re working to bring it back online as soon as possible. We can confirm all funds are safe, delayed orders will be rejected, and no liquidations will occur during the downtime. On coming back online, there will be a cancel-only period initially.”
As per an update tweeted by BitMEX’s official account, trading on the crypto derivatives exchange resumed at 1:40 pm Coordinated Universal Time (UTC).