BitMEX Exchange Increases “Spam Order” Threshold To Prevent Malicious Spam Trading

Published by
BitMEX Exchange Increases “Spam Order” Threshold To Prevent Malicious Spam Trading
  • BitMEX exchange announces a 300 percent increase to its spam order value.
  • The latest increase will reduce the number of spams on the exchange, improving the exchange’s trading experience.
  • In an announcement released on its official Telegram page, Bitcoin futures exchange, BitMEX, announced an increase in the spam order threshold value. The minimum value of trade will be increased from 0.0025 BTC (~$23) to 0.01 BTC (~$94) starting at 04:00 UTC on 05 June 2020.

    BitMEX will rename the orders that will be below the threshold as spam in a bid to “improve the trading experience on the exchange.” The official statement reads,

    “After this change accounts with too many open orders with a value less than 0.01 XBT each will be labeled as a Spam Account (prior to the change, the value is 0.0025 XBT). This change is part of an ongoing effort to improve the quality of the tradable liquidity on the platform.”

    So, what does having a spam order on BitMEX exchange mean?

    Every order with a balance of less than 0.01 BTC as of June 5th will automatically become a ‘hidden order’. According to the BitMEX site, hidden orders do not show on the order book and will be required to pay the taker’s fees.

    Advertisement

    “Better Trading Services”

    The spam order threshold aims to improve the overall trading experience on the exchange by reducing malicious traders’ efforts on the site. The exchange warns that having too many spam orders may result in having the account temporarily banned from the exchange.

    BitMEX recently faced a couple of system crashes as the platform received an influx of orders on the exchange. The mega shut down on Mar. 12, followed by the more recent May 19 shut down are expected to be an uncommon occurrence heading into the future.

    Advertisement
Share
Lujan Odera

Been in the field since 2015 and he still love everything blockchain and crypto! FC Barcelona fan. Author and journalist. Follow him at @lujanodera.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025
  • 24/7 Cryptocurrency News

Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement

Pro-crypto Mike Selig is reportedly the frontrunner to become the next chair of the U.S.…

October 4, 2025
  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025
  • Bitcoin News

Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model

Bitcoin-backed stocks of Strategy can now be accessed on Robinhood. This represents a significant move…

October 4, 2025
  • Bitcoin News

Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH

The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows…

October 4, 2025
  • 24/7 Cryptocurrency News

Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown

Shiba Inu’s Layer 2 network, Shibarium, has returned online following a $4 million exploit that…

October 4, 2025