May 22, 2024
Bitcoin News

BitMEX Launches Crypto Options with PowerTrade

BitMEX, a prominent cryptocurrency platform , has expanded its offerings by introducing options trading, developed in collaboration with PowerTrade, a leading crypto options platform.

Zero Commissions and Sign-up Bonus

BitMEX’s latest offering comes with enticing incentives for users. The exchange has declared zero commissions on all options until the conclusion of May.

Furthermore, users who deposit $1,000 or more and engage in at least one option trade will be rewarded with a 20 USDC sign-up bonus.

Diverse Cryptocurrency Options

The newly launched trading options are margined in Bitcoin (BTC), USDT, or USDC, and include cryptocurrencies such as Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Binance Coin (BNB).

BitMEX boasts one of the industry’s lowest minimum trade sizes, with examples provided in their announcement, offering accessibility to a wide range of traders.

Growing Interest in Cryptocurrency Options

Interest in cryptocurrency options is steadily increasing within the crypto industry. Notably, several American stock exchanges have sought approval from the U.S. Securities and Exchange Commission (SEC) to introduce options on spot cryptocurrency ETFs.

Congressional Push for Spot Bitcoin ETF Options

As the regulatory process unfolds, two U.S. congressmen, Mike Flood and Wiley Nickel, have urged SEC Chairman Gary Gensler to expedite the approval of options on spot Bitcoin ETFs.

Moreover, this demand reflects the growing anticipation within the American legislative sphere for the expansion of cryptocurrency investment options.

In tandem with the launch of options trading, BitMEX has also committed to providing educational resources. This is aimed at assisting users who are new to options trading or the BitMEX platform.

In conclusion, this partnership with PowerTrade will enhance user experience. At the same time, it underscores BitMEX’s commitment to fostering a knowledgeable and empowered trading community.

Image by freepik

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