Update: BitMEX Exchange Goes Back Online but There Are Temporary Changes

News
Tue, 05/19/2020 - 12:49
article image
Yuri Molchan
Multiple reports on Twitter are saying that the BitMEX exchange is down due to problems with the trading engine, however, now it is about to go back online
Update: BitMEX Exchange Goes Back Online but There Are Temporary Changes
Cover image via stock.adobe.com

Traders of all shapes and sizes have been tweeting that they have suddenly been facing issues trading on BitMEX.

Some are just tweeting their concerns. Some are going further, like crypto influencer Bitlord, alleging the exchange is making an exit scam.

Related Last Time This Bitcoin Metric Flashed Green, Investors Had 'Outsized' Returns
Related
Last Time This Bitcoin Metric Flashed Green, Investors Had 'Outsized' Returns

About an hour ago, BitMEX faced issues with its trading engine and was looking into the issue.

Bitmex
Image via Twitter

All operations were suspended. Trader Scott Melter tweeted about this as well:

“Hard to trade Bitcoin with any confidence while Bitmex is down. The casino is temporarily closed.”

After finally tweeting an official confirmation of having issues with the trading engine, BitMEX announced that they are launching the platform back online. However, there will be some temporary changes and traders will be unable to place new orders for a while.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.