As a researcher with a background in the crypto industry, I’m excited about BitMEX’s recent entry into the options trading market. Having closely followed the development of the platform’s high-leverage perpetual swaps, it’s intriguing to see them partner with PowerTrade to offer options trading margined in Bitcoin, USDT, or USDC.
BitMEX, a cryptocurrency derivatives exchange, now provides its users with the option to trade in contracts that represent the right to buy or sell an underlying asset at a specified price before a certain date.
As a cryptocurrency market analyst, I’m excited to share that BitMEX, the well-known cryptocurrency exchange renowned for its high-leverage perpetual swaps, has teamed up with PowerTrade, a reputable crypto options platform, to introduce options trading. Now, traders on this platform can enjoy margin trading for their crypto options using not only Bitcoin (BTC) but also Tether (USDT) or USD Coin (USDC).
BitMEX pioneered the perpetual contracts, now we’re innovating with crypto options in collaboration with PowerTradeHQ. Trade various crypto options using Bitcoin, USDT, or USDC as margin.
— BitMEX (@BitMEX) May 8, 2024
As a researcher exploring the BitMEX platform, I’d like to share that starting with its launch, this exchange grants you the privilege of trading options without incurring any commissions until May comes to an end. Moreover, as a new user, if you deposit a minimum of $1,000 and execute at least one option trade, you will be rewarded with a 20 USDC bonus upon signing up.
Users new to options trading on BitMEX, as well as those unfamiliar with the platform, will additionally benefit from the interaction through access to instructive materials.
Trading these cryptocurrencies, including Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Binance Coin (BNB), is an option available through the exchange.
In the trading industry, our minimal transaction sizes are among the smallest (for instance, 0.01 units for Bitcoin and 0.1 units for Ethereum).
BitMEX announcement
The interest in cryptocurrencies, particularly in the form of exchange-traded funds (ETFs), is surging within the crypto sector. Previously, notable American stock exchanges, such as Cboe, BOX, MIAX, Nasdaq ISE, and NYSE American, have submitted applications to the U.S. Securities and Exchange Commission (SEC) in order to introduce options on spot cryptocurrency ETFs.
As a researcher, I’ve noticed that the regulatory body is still in the process of reviewing applications for new products and is currently collecting public feedback before making any decisions or taking action.
Two United States congressmen, Mike Flood and Wiley Nickel, have penned a letter to the Securities and Exchange Commission (SEC) Chair, Gary Gensler, urging him to consider approving Bitcoin spot exchange-traded funds (ETFs) that offer options. Currently, the U.S. is falling behind in providing this investment opportunity.
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2024-05-08 18:12