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Crypto’s longest-running futures exchange, BitMEX, has established a series of spot markets on its platform only three days before founders are due to be sentenced.
Source: CoinDesk.
BTCUSD up +1.64%, ETHUSD up +2.96%
BitMEX will support seven spot trading pairs, with bitcoin (BTC), ether (ETH), Polygon (MATIC), Axie Infinity (AX), APE, Chainlink (LINK), and Uniswap’s UNI traded against tether (USDT).
The exchange stated it will give away $1 million in cryptocurrency for users trading on the spot pairs.
The platform was unveiled in 2014 and was considered the market-leading derivatives exchange as it launched perpetual swap contracts that require less margin and allow for higher leverage.
The emergence of FTX and Binance Futures led to the fall of BitMEX in popularity. It has sought to become a top 10 global spot exchange.
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