- BitMEX, in collaboration with PowerTrade, has launched a new options trading platform featuring major cryptocurrencies.
- The platform targets institutional investors, offering high performance and security standards.
- “BitMEX invented the perp – now we’re reinventing options,” states the company’s tweet.
BitMEX and PowerTrade launch a new options trading platform, offering a comprehensive options package for major cryptocurrencies and targeting institutional investors with high performance and security standards.
BitMEX and PowerTrade Launch New Crypto Options Platform
BitMEX, a leading cryptocurrency derivatives exchange, has officially launched a new options trading platform in collaboration with PowerTrade, a specialized crypto options platform. This partnership brings together the strong features of both companies, offering a comprehensive options package for major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Solana (SOL), and Dogecoin (DOGE). This initiative marks a significant step for BitMEX in expanding its product offerings.
Targeting Institutional Traders with High Industry Standards
The new platform will cater to institutional traders with features compliant with the highest industry standards for performance and security. PowerTrade CEO, Mario Gomez Lozada, highlighted BitMEX’s deep market liquidity and emphasized the synergy between this and PowerTrade’s trader-focused technology. This collaboration aims to meet the needs of serious investors seeking effective and efficient trading tools, aiming to offer both a seamless and superior trading experience.
BitMEX Launches Zero-Fee Options Trading
BitMEX is implementing a promotional campaign throughout May, offering zero transaction fees on all options trades. This move aims to attract investors to the new platform. Additionally, the first 1,000 new investors joining the platform will receive a $20 bonus. The platform will also offer rewards based on trading volumes, adding a competitive and potential profit element for active users.
Enhancing Customer Experiences in the Crypto Exchange
BitMEX’s new options platform allows investors to use multiple types of cryptocurrencies such as Bitcoin, Ethereum, and USDT as collateral, and options are priced and swapped in USDC. This flexibility in swapping and collateral simplifies the trading process and reduces the costs related to currency conversion that investors often encounter 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.
Conclusion
BitMEX’s collaboration with PowerTrade to launch a new options trading platform marks a significant move in expanding its product offerings. With zero-fee options trading and a user-friendly approach, the platform aims to attract institutional investors and enhance customer experiences in the crypto exchange market.
