● One of the world’s oldest crypto trading platforms is launching a Spot Exchange for
crypto-traders
● BitMEX Spot Exchange is live from today, allowing users to trade seven pairs of coins
that have been added to the platform in the past few weeks.
BitMEX, one of the world’s largest crypto trading platforms, has
announced the launch of the BitMEX Spot Exchange for retail and institutional traders as the
company looks to expand its product offering. The launch comes as the company looks to become
a top ten global spot exchange following the success of its derivatives offer.
The launch of the BitMEX Spot Exchange represents a significant step for BitMEX’s strategy to
offer cutting-edge products to crypto traders in India. The exchange supports seven pairs of
cryptocurrencies, including Bitcoin (XBT), Ethereum (ETH), Chainlink (LINK), Uniswap (UNI),
Polygon (MATIC), Axie Infinity (AXS) and ApeCoin (APE), all against Tether (USDT).
Users are able to access the spot by placing coin conversion request-for-quotes (RFQs), through
Central Limit Order Books and taking advantage of API trading, as well as on the go with BitMEX
Lite when Spot is launched in the mobile app in the next few weeks.
It was in response to this increasing demand from the user base and to changing market
conditions that BitMEX decided last year to build its own fully integrated spot exchange to
complement the suite of products it currently offers. Following the Beyond Derivatives strategy,
BitMEX Spot that launched today aims to attract and introduce new retail and institutional clients
to the platform and will allow users to grow in sophistication when trading with crypto.
Alexander Höpner, Chief Executive Officer of BitMEX, said:
“Last year, we introduced our Beyond Derivatives strategy, and the launch of BitMEX Spot is the
centrepiece of this vision. Today, BitMEX is one step closer to providing our users with a full
crypto ecosystem to buy, sell, and trade their favourite digital assets. We will not rest as we aim
to deliver more features, more trading pairs, and more ways for our clients to take part in the
crypto revolution.”
BitMEX Spot will ultimately allow users to transact between fiat currencies and crypto assets as
well as crypto-to-crypto trading pairs. While BitMEX continues to build out the diversity of its
derivatives products, the addition of Spot allows the company to attract new users attracted to
the full ecosystem now available on the platform.
