{"id":54457,"date":"2023-07-13T07:20:36","date_gmt":"2023-07-13T11:20:36","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=54457"},"modified":"2023-07-13T07:22:13","modified_gmt":"2023-07-13T11:22:13","slug":"bitmex-introduces-guilds-a-social-trading-platform-for-crypto","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitmex-introduces-guilds-a-social-trading-platform-for-crypto\/","title":{"rendered":"BitMEX Introduces Guilds: A Social Trading Platform for Crypto"},"content":{"rendered":"\n

BitMEX has introduced Guilds, a social trading space where verified users can form a Guild to trade competitively as a collective and exchange ideas and strategies.<\/p>\n\n\n\n

\"BitMEX<\/figure>\n\n\n\n

BitMEX,<\/a> the world\u2019s leading crypto derivatives exchange, has introduced a new concept in social trading for professional traders with the beta launch of Guilds. <\/p>\n\n\n\n

Guilds is accessible to all BitMEX users; new, existing, or returning<\/strong>. It provides a dedicated space for users to form a Guild with other traders and trade competitively as a collective.<\/p>\n\n\n\n

Guilds also enable users to exchange ideas, insights, and trading strategies. <\/p>\n\n\n\n

The objective of a Guild is to outperform the other ones and claim a coveted top three spots on the Guild Leaderboard, thereby winning a share in the Guild Pot \u2013 a weekly prize pool.<\/p>\n\n\n\n

How Guilds Work<\/h3>\n\n\n\n

Each Guild is led by its leader, who is also responsible for customizing and defining its identity. <\/p>\n\n\n\n

Once the Guild is established, other users can join and converse with each other in a dedicated private chat room seamlessly integrated into the trading UI. <\/p>\n\n\n\n

Any verified BitMEX user can be a Guild member. They can choose to start a Guild as a leader or join an existing one, in which every Guild can host up to 49 members.<\/strong><\/p>\n\n\n\n

The beta launch, introduced on June 29, 2023<\/strong>, has attracted over 230 beta testers,<\/strong> with traders earning nearly $330,000 in PnL<\/strong> last week. <\/p>\n\n\n\n

As industry veterans, BitMEX understands the expectations and requirements of professional traders, especially when more Wall Street players enter the space and ETF applications<\/a> become more accessible to institutions. <\/p>\n\n\n\n

The initial success of BitMEX\u2019s latest offering gives confidence in its direction with product development and its ability to empower and support traders through its comprehensive ecosystem.<\/p>\n\n\n\n

The Benefits of Joining a Guild<\/h3>\n\n\n\n

By joining a Guild, users can benefit from various advantages, such as:<\/p>\n\n\n\n