BitMEX launches Spot Exchange
as it
looks to expand product offering for retail users
●
One of the world’s oldest crypto trading platforms is
launching a Spot Exchange for crypto traders
●
BitMEX Spot Exchange is live from today, allowing
users to trade seven pairs of coins that have been added to the platform in the
past few weeks.
Chennai,
May 18th, 2022: BitMEX, one of the world’s largest crypto trading platforms, has
announced the launch of the BitMEX Spot Exchange for retail and institutional
traders as the company looks to expand its product offering. The launch comes
as the company looks to become a top ten global spot exchange following the
success of its derivatives offer.
The launch of the BitMEX Spot
Exchange represents a significant step for BitMEX’s strategy to offer cutting
edge products to crypto traders in India. The exchange supports seven pairs of
cryptocurrencies, including Bitcoin (XBT), Ethereum (ETH), Chainlink (LINK),
Uniswap (UNI), Polygon (MATIC), Axie Infinity (AXS) and ApeCoin (APE), all
against Tether (USDT).
Users are able to access the spot
by placing coin conversion request-for-quotes (RFQs), through Central Limit
Order Books and taking advantage of API trading, as well as on the go with
BitMEX Lite when Spot is launched in the mobile app in the next few weeks.
It was in response to this
increasing demand from the user base and to changing market conditions that
BitMEX decided last year to build its own fully integrated spot exchange to
complement the suite of products it currently offers. Following the Beyond
Derivatives strategy, BitMEX Spot that launched today aims to attract and
introduce new retail and institutional clients to the platform and will allow
users to grow in sophistication when trading with crypto.
Alexander
Höpner, Chief Executive Officer of BitMEX, said:
“Last year, we introduced our
Beyond Derivatives strategy, and the launch of BitMEX Spot is the centrepiece
of this vision. Today, BitMEX is one step closer to providing our users with a
full crypto ecosystem to buy, sell, and trade their favourite digital assets.
We will not rest as we aim to deliver more features, more trading pairs, and
more ways for our clients to take part in the crypto revolution.”
BitMEX Spot will ultimately allow
users to transact between fiat currencies and crypto assets as well as
crypto-to-crypto trading pairs. While BitMEX continues to build out the
diversity of its derivatives products, the addition of Spot allows the company
to attract new users attracted to the full ecosystem now available on the
platform.
About BitMEX
BitMEX is an iconic trading platform that offers access to
crypto-products in the global digital asset financial markets. BitMEX allows
users to buy, deposit, withdraw, convert, and trade with cryptocurrencies (XBT,
ETH, and USDT, as well as LINK, UNI, MATIC, AXS and APE as part of the Spot
exchange launch), and it currently supports purchases with +30 fiat
currencies.
BitMEX has been at the forefront of crypto exchanges since 2014,
revolutionising the industry with the invention of the perpetual swap, the most
traded crypto product in history, and has continued to relentlessly innovate
since then. BitMEX is owned by HDR Global Trading Limited. To learn more about
BitMEX, our vision, growing team, and the road ahead, please follow us on Twitter, Telegram, and
the BitMEX Blog. For further inquiries, please contact press@bitmex.com.
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