BitMex Partners With PowerTrade to Introduces Options Trading for BTC, DOGE, BNB, ETH, XRP, and Others

BitMex, one of the leading crypto p2p trading platforms, has announced the introduction of options trading for popular cryptocurrencies including BTC, DOGE, ETH, and others. The launch was done in partnership with PowerTrade, a mobile crypto trading platform. With options, traders can buy or sell a particular asset at a set price in the future.

The recently released platform has features that meet the strictest industry standards for security and performance, making it ideal for institutional traders. Mario Gomez Lozada, CEO of PowerTrade, highlighted the benefits of BitMEX’s extensive market liquidity and PowerTrade’s trader-focused technology. By working together, traders will be provided with a seamless and high-performing trading experience that meets the needs of serious traders looking for reliable and efficient trading tools.

BitMex Launches Options Trading With Sweet Offer

BitMex exchange took to its X (formerly Twitter) account earlier today to announce the expansion of its offerings, introducing options trading where users can trade a wide range of crypto options margined in Bitcoin, USDT, or USDC. To sweeten the offer, BitMex revealed that there would be a zero trading fee for all options and that users who deposit $1000 and above for the rest of May, will get an instant 20 USDC bonus upon sign-up.

BitMEX invented the perp – now we’re reinventing options.

In partnership with @PowerTradeHQ, we’re excited to introduce BitMEX Options – where you can trade a wide range of crypto options margined in Bitcoin, USDT, or USDC.

➕ We’ve got some exciting rewards for our first… pic.twitter.com/flKnbdLgVE

— BitMEX (@BitMEX) May 8, 2024

Following the promotional time, BitMEX’s options trading fees will be consistent with its current spot trading fees. This action is a component of BitMEX’s plan to seamlessly include the options platform into its present ecosystem and give users a uniform and predictable cost model when they trade a variety of digital assets.

Importantly, BitMex highlights that all options will be priced and settled in USDC, the second-largest stablecoin in the market. Aside from Bitcoin and Ethereum, other options like DOGE, SOL, XRP, and BNB are also available.

In 2022, PowerTrade established a collaboration with the British custody company Copper to provide institutions with custodial services. Following this, BitMEX and PowerTrade launched a strategic partnership in December of 2023 intending to improve professional players’ trading experiences.