We previously found that circulating β
2
‐glycoprotein I inhibits human endothelial cell migration, proliferation, and angiogenesis by diverse mechanisms. In the present study, we investigated the antitumor activities of β
2
‐glycoprotein I using structure‐function analysis and mapped the critical region within the β
2
‐glycoprotein I peptide sequence that mediates anticancer effects. We constructed recombinant
cDNA
and purified different β
2
‐glycoprotein I polypeptide domains using a baculovirus expression system. We found that purified β
2
‐glycoprotein I, as well as recombinant β
2
‐glycoprotein I full‐length (D12345), polypeptide domains I‐
IV
(D1234), and polypeptide domain I (D1) significantly inhibited melanoma cell migration, proliferation and invasion. Western blot analyses were used to determine the dysregulated expression of proteins essential for intracellular signaling pathways in B16‐F10 treated with β
2
‐glycoprotein I and variant recombinant polypeptides. Using a melanoma mouse model, we found that D1 polypeptide showed stronger potency in suppressing tumor growth. Structural analysis showed that fragments A and B within domain I would be the critical regions responsible for antitumor activity. Annexin A2 was identified as the counterpart molecule for β
2
‐glycoprotein I by immunofluorescence and coimmunoprecipitation assays. Interaction between specific amino acids of β
2
‐glycoprotein I D1 and annexin A2 was later evaluated by the molecular docking approach. Moreover, five amino acid residues were selected from fragments A and B for functional evaluation using site‐directed mutagenesis, and P11A, M42A, and I55P mutations were shown to disrupt the anti‐melanoma cell migration ability of β
2
‐glycoprotein I. This is the first study to show the therapeutic potential of β
2
‐glycoprotein I D1 in the treatment of melanoma progression.