Senior Quant Trader (Crypto) at BitMEX

Hong Kong

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Cryptocurrency, Financial Services, TradingIndustries

Requirements

6+ years of total experience with a significant focus (3+ years) as a high-performing Individual Contributor in quantitative crypto trading
Proven expertise in Crypto, quantitative execution, and risk management specific to digital assets
Demonstrated ability to independently build and deploy robust, live trading systems
Proficiency in Python and SQL for strategy development, data analysis, and dashboard creation

Responsibilities

Strategically develop yield product offering: work closely with the product team to design and implement a product suite of yield products for Exchange users (on-platform and DeFi); actively manage funding rate strategy for products requiring active management (e.g., pooled basis earn product); monitor yield landscape to suggest adding/decommissioning 3rd party venues accessible via BitMEX wallet
Manage digital asset treasury & market liquidity: serve as SME for actively managing and generating yield from the company’s digital asset treasury; manage firm’s crypto balance sheet to provide funding/yield for client business; manage and hedge inventory risk for HFT market making bots across multiple crypto exchanges (e.g., BMEX Token); actively manage liquidity pools and update positions based on market conditions and strategy
Risk management & execution: identify, calculate, and proactively hedge unwanted risk exposures (delta risk) across all Earn and Treasury assets; handle specialized OTC execution, quoting and executing client trades, and profitably hedging using exchanges and liquidity providers; generate automated performance and risk reports using SQL, Python, and reporting tools to track positions and risk exposures
Proactive sales and marketing support: identify market opportunities and new product ideas for clients to pass to Product, Sales, and Marketing teams; support ongoing initiatives (e.g., Trading Bots) with market insights and technical experience

Skills

Key technologies and capabilities for this role

Quantitative TradingCrypto DerivativesPerpetual SwapsYield ProductsDeFiFunding Rate StrategyBasis TradingDigital Asset Treasury

Questions & Answers

Common questions about this position

What is the salary or compensation for the Senior Quant Trader role?

This information is not specified in the job description.

Is this Senior Quant Trader position remote or does it require office work?

This information is not specified in the job description.

What key skills are required for the Senior Quant Trader role?

The role requires deep technical ability, a proven track record of profitable implementation in crypto markets, and proficiency in SQL and Python for generating automated performance and risk reports.

What is the company culture like at BitMEX?

This information is not specified in the job description.

What makes a strong candidate for the Senior Quant Trader position?

A strong candidate is autonomous, specialized in crypto trading, and able to serve as a dedicated Subject Matter Expert and Individual Contributor with experience managing digital asset treasury and yield products.

BitMEX

Peer-to-peer cryptocurrency trading platform

About BitMEX

BitMEX is a peer-to-peer cryptocurrency trading platform that focuses on Bitcoin and other major cryptocurrencies like Ethereum and XRP. It allows traders to leverage their positions, offering up to 100x leverage on Bitcoin contracts and varying leverage on other cryptocurrencies. Users can trade perpetual contracts, which do not expire, enabling them to hold positions indefinitely as long as they meet margin requirements. BitMEX serves a wide range of clients, from individual retail traders to institutional investors, and generates revenue through trading fees on transactions. The platform is recognized for its strong security measures that protect users' funds and data, and it also offers a Testnet for users to practice trading strategies without financial risk. Additionally, BitMEX provides a robust API for traders to create custom trading tools and access real-time data.

None, SeychellesHeadquarters

2014Year Founded

$65KTotal Funding

GROWTH_EQUITY_VCCompany Stage

Fintech, Crypto & Web3Industries

51-200Employees

Benefits

Remote Work Options

Paid Holidays

Paid Vacation

Company Social Events

Flexible Work Hours

Risks

Regulatory scrutiny from past compliance failures could impact BitMEX's operations and reputation.

Increased competition from emerging exchanges offering better leverage options may erode market share.

Volatility in new token listings like GOAT and STLS poses financial risks for traders and platform.

Differentiation

BitMEX offers up to 100x leverage on Bitcoin contracts, attracting experienced traders.

The platform provides perpetual contracts, allowing indefinite position holding with margin requirements.

BitMEX is renowned for its industry-leading security measures, ensuring user fund protection.

Upsides

Launch of Multi Asset Margining simplifies trading, potentially attracting more users.

Introduction of XBTG25 futures contract enhances market position with diverse investment options.

Support for token migrations like POL positions BitMEX as a forward-thinking exchange.

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