BitMEX Expands Its Capabilities with the Launch of Options Trading
Date: 2024-05-10 Author: Henry Casey Categories: BUSINESS
BitMEX, a leading crypto derivatives exchange, welcomes a new era with the introduction of options trading service. This step reflects the development strategy and the desire to diversify the services provided.
Partnership and functionality
The collaboration with PowerTrade, an influential cryptocurrency options platform, confirms BitMEX's serious intentions. Users now have access to margined options in BTC, USDT or USDC, enriching the trading experience on the exchange.
Special offer
Accompanying the launch, BitMEX pleases its customers with no commissions on options until the end of May. In addition, a $20 sign-up bonus for deposits of $1,000 or more allows newbies to get off to a great start in trading.
Educational initiatives
Recognizing the importance of education to successful trading, the exchange provides extensive educational resources. This will help users become familiar with options trading and get the most out of the platform.
Future plans
BitMEX aims to increase trading volume by $500 million within three months by offering options trading in all available regions. The exchange aims to take a significant share of the market, which is currently dominated by Deribit.
Applications from American stock exchanges to launch options on spot cryptocurrency ETFs indicate growing interest in this market segment. This is evidence of the prospects and demand for cryptocurrency options.
