BitMEX Introduces Guilds: A New Social Trading Platform For Crypto Traders In 2023

Key Points:

• BitMEX has launched Guilds, a social trading platform where verified users can form a Guild to trade collectively and share ideas and strategies.
• Each Guild is led by a leader responsible for defining its identity, and members can communicate through a private chat room integrated into the trading UI.

BitMEX introduces Guilds, a social trading space where verified users can form a Guild to trade competitively as a collective and exchange ideas and strategies.

BitMEX, the world’s leading crypto derivatives exchange, has introduced a new concept in social trading for professional traders with the beta launch of Guilds. Guilds is accessible to all BitMEX users, new, existing, or returning. It offers a dedicated space for users to form a Guild with other traders and trade competitively as a collective.

Guilds also allow users to exchange ideas, insights, and trading strategies. The objective of a Guild is to outperform the other ones and claim a coveted top three position on the Guild Leaderboard, thereby winning a share in the Guild Pot – a weekly prize pool.

Each Guild is led by its leader, who is also responsible for customizing and defining its identity. Once the Guild is established, other users can join and converse with each other in a dedicated private chat room seamlessly integrated into the trading UI. Any verified BitMEX user can be a Guild member. They can choose to start a Guild as a leader or join an existing one, in which every Guild can host up to 49 members.

The beta launch, introduced on June 29, 2023, has attracted over 230 beta testers, with traders earning nearly $330,000 in PnL last week. As industry veterans, BitMEX understands professional traders’ expectations and unique requirements, especially when more Wall Street players enter the space and ETF applications become more accessible to institutions. The initial success of BitMEX’s latest offering gives confidence in the direction they are taking with product development and in their ability to empower and support traders through their comprehensive ecosystem.

Guilds is not just designed to drive collaboration among the BitMEX trading community. It stands as a testament to the commitment to helping traders thrive and recognizing the power of social trading. Traders can unlock their full potential by learning from their cohort by being part of a Guild.

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