BitMEX and PowerTrade have launched a new options trading platform featuring major cryptocurrencies. The platform targets institutional investors with high performance and security standards.
A new move from the cryptocurrency derivatives exchange!
BitMEX, a leading cryptocurrency derivatives exchange, has officially launched a new options trading platform in collaboration with PowerTrade, a dedicated crypto options platform. This partnership brings together the strengths of both companies. Thus, it offers a comprehensive options package for major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Solana (SOL) and Dogecoin (DOGE). This initiative marks an important step for BitMEX as it expands its product offerings.
The new platform will appeal to institutional traders with features that comply with the highest industry standards for performance and security. PowerTrade CEO Mario Gomez Lozada noted BitMEX’s deep market liquidity. He also highlighted the synergies between this and PowerTrade’s trader-focused technology. This collaboration will meet the needs of serious investors looking for effective and efficient trading tools. Thus, it aims to provide a trading experience that is both smooth and high-performance.
BitMEX launches zero-fee options trading
BitMEX is running a promotional campaign that includes zero transaction fees on all options transactions throughout May. Thus, it aims to attract investors to its new platform. In addition, the first 1,000 new traders to join the platform will receive a $20 bonus. The platform will also offer rewards based on trading volumes, as well as monthly trading contests. In this way, the platform adds an element of competition and potential profit for active users.
After the promotional period ends, BitMEX will readjust its fee structure for options trading. Thus, it will be compatible with the existing spot trading framework. This move is part of BitMEX’s strategy to seamlessly integrate its options platform into its existing ecosystem and ensure users have a consistent and predictable cost model when trading between different types of digital assets.
Cryptocurrency exchange aims to improve customer experiences
BitMEX’s new options platform allows traders to use multiple types of cryptocurrencies such as Bitcoin, Ethereum, and USDT as collateral, and options are priced and settled in USDC. This flexibility in clearing and collateral facilitates the trading process. It also reduces the costs associated with currency conversion that investors typically face on other platforms. According to BitMEX, this approach aims to provide a more accessible and user-friendly experience for investors in the crypto options market.
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