Following A $30 Mln Fine, BitMEX Has Launched A Spot Cryptocurrency Exchange.

2022-05-18 | Selina Mathew

Following A $30 Mln Fine, BitMEX Has Launched A Spot Cryptocurrency Exchange.

BitMEX, one of the world's oldest crypto trading platforms, was founded in 2014, but it has never offered spot crypto trading until today.

Global cryptocurrency derivatives market BitMEX is finally introducing a spot crypto trading platform, expanding its platform beyond derivatives.

BitMEX's spot crypto exchange, the BitMEX Spot Exchange, went online on May 17, allowing individual and institutional investors to buy, sell, and trade cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) (ETH).

At the time of launch, the exchange provides seven cryptocurrency pairs: BTC, ETH, Chainlink (LINK), Uniswap (UNI), Polygon (MATIC), Axie Infinity (AXS), and ApeCoin (APE), all of which are traded against the Tether stablecoin (USDT).

The BitMEX Spot Exchange was launched with the goal of becoming one of the top 10 largest spot exchanges in the world. According to the release, the business chose to launch its own spot exchange last year in response to increased crypto trading demand from its present user base.

"Today, BitMEX takes another step toward providing our users with a complete crypto environment through which to purchase, sell, and trade their preferred digital assets. BitMEX CEO Alexander Höpner stated, "We will not rest as we aspire to give more features, more trading pairs, and more methods for our clients to participate in the crypto revolution."


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