2 years ago
Founded successful 2014, BitMEX is 1 of the world’s oldest crypto trading platforms, but it has ne'er offered spot crypto trading till now.
Global crypto derivatives speech BitMEX is expanding its level beyond conscionable derivatives by yet launching a spot crypto trading platform.
BitMEX officially announced connected May 17 that its spot crypto exchange, the BitMEX Spot Exchange, is present live, allowing retail and organization investors to buy, merchantability and commercialized cryptocurrencies similar Bitcoin (BTC) and Ether (ETH).
At launch, the speech supports 7 pairs of cryptocurrencies, including BTC, ETH, Chainlink (LINK), Uniswap (UNI), Polygon (MATIC), Axie Infinity (AXS) and ApeCoin (APE), each trading against the Tether stablecoin (USDT).
The motorboat of the BitMEX Spot Exchange comes arsenic the institution plans to go 1 of the apical 10 largest spot exchanges successful the world. The institution decided to physique its ain spot speech past twelvemonth successful effect to the expanding crypto trading request from its existent idiosyncratic base, according to the announcement.
“Today, BitMEX is 1 measurement person to providing our users with a afloat crypto ecosystem to buy, sell, and commercialized their favourite integer assets. We volition not remainder arsenic we purpose to present much features, much trading pairs, and much ways for our clients to instrumentality portion successful the crypto revolution,” BitMEX CEO Alexander Höpner said.
Founded successful 2014, BitMEX is 1 of the world’s largest and oldest crypto trading companies, starting providing its services astir six years aft Bitcoin was launched. Unlike spot exchanges, BitMEX has been chiefly focusing derivatives, allowing users to bargain and merchantability contracts similar futures, options and perpetuals connected a wide scope of crypto assets.
At the clip of writing, BitMEX is 1 of the apical 30 biggest derivatives crypto trading platforms, with regular trading measurement amounting to $841 million, according to information from CoinMarketCap. BitMEX was ranked 1 of the biggest derivatives platforms by unfastened involvement alongside Binance arsenic of 2020.
BitMEX has faced immoderate ineligible issues recently, with founders Arthur Hayes and Hong Konger Benjamin Delo pleading blameworthy to violating the Bank Secrecy Act successful February 2022. The tribunal yet ordered a full of $30 cardinal civilian monetary penalties from the 3 co-founders of BitMEX crypto derivatives speech successful March.
Related: The Brazilian Stock Exchange volition motorboat Bitcoin and Ethereum futures
The steadfast besides reportedly laid off astir 75 employees — oregon a 4th of the company’s unit — successful April, following a failed acquisition of the German slope Bankhaus von der Heyd.
BitMEX did not instantly respond to Cointelegraph’s petition for comment. This nonfiction volition beryllium updated pending caller information.
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