BitMEX exchange launched spot crypto trading platform

Prizes and rewards for activity await users

18.05.2022 - 08:10

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2 min

What’s new? Crypto derivatives exchange BitMEX has announced the launch of a platform where users can carry out spot trading of digital assets. Seven pairs have already been added to the platform and there are prizes and discounts for traders.

Boom.💥BitMEX Spot is LIVE.Users can now buy and sell #crypto on BitMEX with instant settlement……and enter our spot trading #sweepstakes to win a share in a prize pool valued at $1 million 🏆 Let’s go 🚀: https://t.co/dcYAPO7wpYLearn more ⬇️ pic.twitter.com/EALeZKFLws— BitMEX (@BitMEX) May 17, 2022

What else is known about the platform? Users can trade cryptocurrencies XBT, ETH, APE, UNI, MATIC, LINK, and AXS paired with the Tether (USDT) stablecoin. Pairs with the BMEX exchange’s native token will be available in the future.

For the first 10 000 users of the spot platform, there will be an airdrop by BMEX for registering an account, making transactions, and completing know your customer (KYC). Those who complete transactions of at least $250 in the next two months will qualify for prizes and gifts. The total prize pool is $1 million. There is also the BitMEX referral program on the platform.

What events happened before? In early April, BitMEX laid off 75 employees, almost a quarter of its total staff. This came after the exchange’s subsidiary BXM Operations AG refused to buy the German bank, Bankhaus von der Heydt.

On May 5, the US District Court for the Southern District of New York ruled that BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed must pay a fine of $30 million. The court also warned the three founders against further violations of the Commodity Exchange Act (CEA) and the Commodity Futures Trading Commission (CFTC) rules.

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