The current crypto turmoil encourages exchanges to take action. BitMEX stock market spotlight in hopes of revival marketannounced the launch of:
Boom.đź’ĄBitMEX Spot is LIVE.
Users can now buy and sell #crypto on BitMEX with instant settlement…
…and enter our spot trading #sweepstakes to win a share in a prize pool valued at $1 million 🏆
Let’s go 🚀: https://t.co/dcYAPO7wpY
Learn more ⬇️ pic.twitter.com/EALeZKFLws
— BitMEX (@BitMEX) May 17, 2022
BitMEX, one of the oldest in the industry, hopes that the launch of a new spot market will help attract retail customers.
The company, which was the subject of the agenda due to the legal troubles of its founder, Arthur Hayes, today bitcoin, Ethereum, Bored Ape Yacht Club’s APE token and Uniswap’s governance token UNI announced its new spot market, which offers trading of cryptocurrencies such as
The new spot market has an easier user interface, different fonts and coloring than the traditional derivatives platform.
BitMEX Spot Vice President Genia Mikhalchenko hopes this will appeal to retail traders looking for new options after the latest downturn, adding, “It’s completely different from our classic look and feel.” she says.
We hope to enter the top 15 spot markets in the next 12 to 16 months.” Mikhalchenko said, “As the market turns, we want to pull this wave up again.
he adds.
Taking a realistic approach, Mikhalchenko also stated that BitMEX is aware that it is late to the game in the door-knocking spot trade, and that there are no “delusions” about the firm’s prospects.
Still, he added that given all that is going on – referring to the current market situation – the firm’s plan to gift new users $1 million in crypto could be an incentive to sign up for the new service.
As it is known, the BitMEX exchange stood out as a platform that only allowed leveraged transactions.