Derivatives exchange BitMEX has lashed out at Binance after it was discovered that the Maltese exchange had seemingly plagiarised its margin trading documentation page.
It comes after the launch of Binance’s new futures product that allows customers to trade underlying crypto assets with leverage.
A glimpse at Binance’s “Overview on auto deleveraging (ADL)” and “Funding rate” pages show glaring similarities to the versions posted by BitMEX upon its launch years ago. This prompted BitMEX to respond over Twitter.
BitMEX’s tongue-in-cheek comment read: “Congrats on the Testnet Futures launches Binance. Glad to see you enjoyed reading our documentation as much as we enjoyed writing it!”
Binance CEO Changpeng ‘CZ’ Zhao soon replied with an apology.
CZ wrote: “Shame on us. Sorry about that. Missed this in the DD process before the acquisition (didn’t read the BitMEX docs ourselves). Will fix/remove ASAP. The official docs of Futures A platform (developed internally) are here: binanceapitest.github.io/Binance-Future for your review.”
Binance announced its 20x leverage trading platform in July at a presentation at the Asia Blockchain Summit in Taipei, which was intriguingly also attended by BitMEX CEO Arthur Hayes.
For more news, guides, and cryptocurrency analysis, click here.
Las Vegas, US, 1st November 2024, Chainwire
From digital art to real-estate assets, NFTs have become a significant attraction for investors who…
Singapore, Singapore, 21st October 2024, Chainwire
HO CHI MINH, Vietnam, 17th October 2024, Chainwire
London, UK, 16th October 2024, Chainwire
Sinagpore, Singapore, 16th October 2024, Chainwire