BitMEX Expands Copy Trading to Hyperliquid’s Top Traders
Event summary
- BitMEX launched Hyperliquid Copy Trading on February 5, 2026, allowing users to mirror Hyperliquid’s top perpetual traders.
- The feature integrates Hyperliquid’s trader leaderboard, ranked by PnL, drawdown, win ratio, and AUM, into BitMEX’s existing Copy Trading Marketplace.
- Users can copy up to five Hyperliquid traders simultaneously with customizable risk management settings.
- BitMEX is offering a 100,000 USDT prize pool to celebrate the launch.
The big picture
BitMEX’s move underscores the growing convergence between centralized and decentralized trading infrastructure. By integrating Hyperliquid’s top traders, BitMEX is positioning itself as a hybrid gateway for retail and institutional traders seeking exposure to decentralized perpetual markets without direct DeFi risk. Hyperliquid’s 60% market share in open interest highlights the strategic importance of this partnership.
What we're watching
- Adoption Pace
- Whether BitMEX can attract significant user engagement with Hyperliquid Copy Trading, given Hyperliquid’s dominance in the PerpDEX space.
- Performance Tracking
- How the performance of copied Hyperliquid traders compares to BitMEX’s existing Copy Trading leaders over the next quarter.
- Competitive Response
- Whether competing exchanges introduce similar copy-trading integrations with decentralized perpetual exchanges.
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