{"id":78381,"date":"2024-05-08T19:12:24","date_gmt":"2024-05-08T23:12:24","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=78381"},"modified":"2024-05-08T19:13:19","modified_gmt":"2024-05-08T23:13:19","slug":"bitmex-launches-option-trading-in-partnership-with-powertrade","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitmex-launches-option-trading-in-partnership-with-powertrade\/","title":{"rendered":"BitMEX launches Option Trading in partnership with PowerTrade\u00a0\u00a0"},"content":{"rendered":"\n

BitMEX, a cryptocurrency options platform<\/a>, has partnered with PowerTrade to create options trading.\u00a0
<\/p>\n\n\n\n

\"BitMEX
BitMEX launches Option Trading in partnership with PowerTrade\u00a0\u00a0<\/figcaption><\/figure>\n\n\n\n

The cryptocurrency platform<\/a> offers crypto options margined in Bitcoin (BTC), USDT, or USDC. It is well-known for its high-leverage perpetual swaps.
<\/p>\n\n\n\n

\n

BitMEX invented the perp – now we\u2019re reinventing options.

In partnership with @PowerTradeHQ\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, we\u2019re excited to introduce BitMEX Options – where you can trade a wide range of crypto options margined in Bitcoin, USDT, or USDC.

\u2795 We\u2019ve got some exciting rewards for our first\u2026 pic.twitter.com\/flKnbdLgVE<\/use><\/svg><\/span><\/a><\/p>— BitMEX (@BitMEX) May 8, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

In addition to introducing trading, BitMEX provides 0% commissions on all options through the end of May. Users will also earn a 20 USDC sign-up bonus if they deposit $1,000 or more and trade with at least one option. <\/p>\n\n\n\n

In addition, the exchange will offer instructional materials to users unfamiliar with options trading or the BitMEX platform. Cryptocurrencies, including Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Binance Coin (BNB), can be traded on the exchange. An announcement from BitMEX:\u00a0<\/p>\n\n\n\n

\n

\u201cOur minimum trade sizes are one of the lowest in the industry (e.g. 0.01 for BTC and 0.1 for ETH).\u201d<\/p>\n<\/blockquote>\n\n\n\n

Within the cryptocurrency business, interest in cryptocurrency options is only increasing. In the past, the U.S. SEC has received applications from several American stock exchanges<\/use><\/svg><\/span><\/a>, including Cboe, BOX, MIAX, Nasdaq ISE, and NYSE American, seeking to introduce options for spot cryptocurrency ETFs.\u00a0<\/p>\n\n\n\n

However, the public is being consulted regarding the introduction of these products, and the regulator still needs to act on applications. Mike Flood and Wiley Nickel sent a letter to SEC Chairman Gary Gensler<\/a> and two American congressmen demanding approval of spot Bitcoin ETFs as the U.S. is lagging behind other countries in providing options on cryptocurrency ETFs.<\/p>\n","protected":false},"excerpt":{"rendered":"

BitMEX, a cryptocurrency options platform, has partnered with PowerTrade to create options trading.\u00a0 The cryptocurrency platform offers crypto options margined in Bitcoin (BTC), USDT, or USDC. It is well-known for its high-leverage perpetual swaps. In addition to introducing trading, BitMEX provides 0% commissions on all options through the end of May. Users will also earn […]<\/p>\n","protected":false},"author":43,"featured_media":78383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[2087,19483,277],"class_list":["post-78381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitmex","tag-powertrade","tag-trading"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/05\/croc_1715206752027.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/78381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=78381"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/78381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/78383"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=78381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=78381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=78381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}