The new offering will enable users to transact between fiat currencies and crypto-assets as well as crypto-to-crypto trading pairs.
BitMEX is all set to expand its product offering with the introduction of a spot new market to attract the retail crowd. At launch, the exchange will support seven trading pairs with Bitcoin , Ethereum , Chainlink’s LINK, Uniswap’s UNI, Polygon’s MATIC, and Axie Infinity’s AXS and APE. All the cryptocurrencies will be traded against Tether .
2021 marked a breakthrough for crypto derivatives, with the trading volumes in these markets surpassing their spot or cash counterparties for the first time. BitMEX, for one, was a go-to venue for trading Bitcoin derivatives. But the eight-year-old exchange saw a reversal from its peak after the advent of its rivals, including FTX and Binance Futures in the derivatives space. But with the spot launch, BitMEX plans to break into the top ten spot markets in a year or so.The development comes just three days before its founders, Arthur Hayes and Ben Delo, are set to be sentenced.
Hayes’ lawyers, on the other hand, requested no jail term and freedom to travel. The former exec also
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