February BMEX Burn Report

February burning:

BitMEX completed the latest round of monthly BMEX token burning on 2 February 2026. 181,267 BMEX, averaged at 0.10 USDT in value, were burnt in this round. As of the burnt date, the total number of BMEX burnt is 14,279,510 and the current market cap is 85,467,489 BMEX.

The history of burnt BMEX is as follows:

How token burning works:

The amount of BMEX eligible for buying and burning are:

• 4% of the Net Fee from derivatives markets

• 8% of the Net Fee from spot markets

• 50% of the NET Fee fromBMEX Token trading pairs (on the BitMEX Derivatives & Spot Markets)

Net Fee:

The formula for calculating the Net Fee is:

Collected Taker Fees + Maker Fees - Maker Rebate - Affiliates/ Referral Rewards, Promotional Discounts, Payment Processor Fees and Third-party Costs associated with the service provision 

Burning process:

1. Calculation of the Net Fee will be performed at the end of month

2. Buying of the calculated token amount on the BitMEX Spot market over the course of the relevant month

3. Publishing the amount of tokens bought and burnt on the last day of the preceding month

4. Process repeats monthly 

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