BitMEX Options Trading Platform Launched With Target Of $500 Million Volume In 3 Months

Key Points:

  • BitMEX collaborates with PowerTrade to introduce trading options, challenging established competitors like Deribit and Binance.
  • The platform offers zero trading fees for options throughout May and a $20 USDC sign-up bonus for users depositing over $1,000.
  • BitMEX options trading aims to grow interest in cryptocurrency options amid regulatory developments.
BitMEX, a prominent crypto derivatives exchange, has entered the options trading arena in collaboration with PowerTrade, a crypto options platform backed by investors like Ascend Ventures, Pantera Capital, and Ledger Prime.
BitMEX Options Trading Platform Launched With Target Of $500 Million Volume In 3 Months
BitMEX Options Trading Platform Launched With Target Of $500 Million Volume In 3 Months 2

BitMEX Options Trading Launched, Challenges Deribit Dominance

This move positions BitMEX to compete with established players such as Deribit, Binance, OKX, and Bybit in the options trading market.

Known for its high-leverage perpetual swaps, the exchange aims to capture a significant market share with BitMEX options trading service. The platform allows users to trade options margined in Bitcoin (BTC), USDT, or USDC, offering a full suite of institutional-grade options for various assets, including Bitcoin, Ether, XRP, BNB, Solana, and Dogecoin.

In an effort to attract traders, BitMEX is offering zero trading fees for all options throughout May. Additionally, users who deposit over $1,000 and trade at least one option will receive a 20 USDC sign-up bonus. The exchange also plans to provide educational resources for new users of BitMEX options trading.

BitMEX Aims for $500 Million Trading Volume in Options Market Expansion

BitMEX CEO Stephan Lutz has set an ambitious target of reaching $500 million in trading volume within three months, as reported by The Block. BitMEX options trading comes at a time of growing interest in cryptocurrency options within the industry. While American stock exchanges have filed applications with the U.S. SEC to launch options on spot cryptocurrency ETFs, regulatory action is pending, with public comments being collected on the matter.

With its strategic partnership and attractive incentives, BitMEX aims to carve out a significant presence in the competitive landscape of cryptocurrency options trading.

BitMEX Options Trading Platform Launched With Target Of $500 Million Volume In 3 Months

Key Points:

  • BitMEX collaborates with PowerTrade to introduce trading options, challenging established competitors like Deribit and Binance.
  • The platform offers zero trading fees for options throughout May and a $20 USDC sign-up bonus for users depositing over $1,000.
  • BitMEX options trading aims to grow interest in cryptocurrency options amid regulatory developments.
BitMEX, a prominent crypto derivatives exchange, has entered the options trading arena in collaboration with PowerTrade, a crypto options platform backed by investors like Ascend Ventures, Pantera Capital, and Ledger Prime.
BitMEX Options Trading Platform Launched With Target Of $500 Million Volume In 3 Months
BitMEX Options Trading Platform Launched With Target Of $500 Million Volume In 3 Months 4

BitMEX Options Trading Launched, Challenges Deribit Dominance

This move positions BitMEX to compete with established players such as Deribit, Binance, OKX, and Bybit in the options trading market.

Known for its high-leverage perpetual swaps, the exchange aims to capture a significant market share with BitMEX options trading service. The platform allows users to trade options margined in Bitcoin (BTC), USDT, or USDC, offering a full suite of institutional-grade options for various assets, including Bitcoin, Ether, XRP, BNB, Solana, and Dogecoin.

In an effort to attract traders, BitMEX is offering zero trading fees for all options throughout May. Additionally, users who deposit over $1,000 and trade at least one option will receive a 20 USDC sign-up bonus. The exchange also plans to provide educational resources for new users of BitMEX options trading.

BitMEX Aims for $500 Million Trading Volume in Options Market Expansion

BitMEX CEO Stephan Lutz has set an ambitious target of reaching $500 million in trading volume within three months, as reported by The Block. BitMEX options trading comes at a time of growing interest in cryptocurrency options within the industry. While American stock exchanges have filed applications with the U.S. SEC to launch options on spot cryptocurrency ETFs, regulatory action is pending, with public comments being collected on the matter.

With its strategic partnership and attractive incentives, BitMEX aims to carve out a significant presence in the competitive landscape of cryptocurrency options trading.

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