– Cryptocurrency exchange BitMEX has partnered with PowerTrade to launch options trading, a cryptocurrency options platform backed by Ascend Ventures, Pantera Capital, and Ledger Prime.
– BitMEX’s well-known perpetual swaps with 100x leverage, which recently increased to 250x before the Bitcoin halving, have made it one of the major players in the market.
– BitMEX plans to offer options trading in all regions where it is currently available.
BitMEX | Deribit |
---|---|
50+ Markets | 70% Market Share in Bitcoin Options Trading |
$35.7 Billion in Volume Traded in April |
– Deribit currently holds the majority market share in Bitcoin options trading, with 70% ($35.7 billion) of the $51.1 billion in volume traded in April.
– BitMEX’s CEO, Stephan Lutz, is targeting a trading volume of at least $500 million within three months for the new options product.
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#OptionsTrading #BitMEX #PowerTrade #Crypto #Cryptocurrency #CryptoExchange
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