BitMex Announces the Launch of Spot Exchange

BitMex Announces the Launch of Spot Exchange

The announcement comes as the firm strives to become one of the top 10 worldwide spot exchanges.

On May 17, the derivatives trading platform BitMex announced that its spot exchange finally launched. From now on, users will be able to purchase, sell and exchange crypto such as BTC and ETH through the platform's intuitive interface.

On top of that, traders can also find other staples of cryptocurrencies, including AXS, APE, MATIC, LINK, and UNI.

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According to the official statement, BitMex plans to integrate even more digital currencies in the next few months and release its own mobile app. This way, users will be able to manage their crypto portfolio easier by accessing the balance page and transaction history through the application with only one click of a button.

The CEO of BitMex Alexander Höpner stated:

“Today, BitMEX is one step closer to providing our users with a full crypto ecosystem to buy, sell, and trade their favorite 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 also provides its users an opportunity to win $1 million worth of crypto and prizes by signing up on the platform and starting to trade.

BitMex is a market-leading crypto derivatives exchange that was founded in 2014 and allows traders to buy and sell futures and perpetual on a range of crypto assets. Currently, the exchange is on the list of the top 30 most prominent crypto exchanges in the world with a daily trading volume of more than $840M.

In other news, yesterday, the music streaming giant Spotify announced that it would start testing NFTs on artist pages. As of now, only particular selected Android users located in the US will have the possibility to participate in the experiment. “Spotify is running a test in which it will help a small group of artists promote their existing third-party NFT offerings via their artist profiles, ” one of Spotify’s spokesmen added.

Gyth L. - Crypto Analyst

by Gyth L. - Crypto Analyst, BitDegree