May 20, 2019, 9:17AM EDT
• 2 min read

Analysis: BitMEX’s Insurance Fund now holds over $200 million

Quick Take

  • BitMEX’s Insurance Fund has surpassed $200 million – holding 26,388 BTC (0.15% of all BTC in circulation)
  • In its 3+ year history, there haven’t been many significant drawdowns; the largest happened on April 12, 2018 ($5.1 million of BTC)
  • The fund has seen positive monthly inflows for 26 consecutive months
  • The biggest outlier was November 2018, in which $22.2 million was added to the fund
  • The fund still lacks a public breakdown of funds per-contract, which makes the drawdown process quite opaque

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