
BitMEX Considers Selling $100M in Digital Assets Amid Insurance Fund Rebalancing
BitMEX, a crypto derivatives trading platform, is considering selling around $100 million worth of digital assets, including Tether (USDT) and Ethereum (ETH), from its insurance fund. This move is part of the exchange’s fund reallocation process, which is set to take place over the coming weeks. While BitMEX has not disclosed the details of its banking partners or the exact amount of funds to be reallocated, its insurance fund dashboard revealed that it currently holds $80.2 million worth of USDT and 12,751.1611 ETH as of September 27. Additionally, the exchange holds a substantial amount of Bitcoin (XBT), approximately 36,769.3244 XBT,