BitMEX’s global cryptocurrency derivatives exchange will allow retail and institutional investors to buy, sell and trade digital currencies.
The company announced that it is launching its own spot cryptocurrency trading platform, BitMEX Spot Exchange.
At launch, the exchange will support seven cryptocurrency trading pairs: BTC, ETH, Polygon (MATIC), ApeCoin (APE), Uniswap (UNI), Axie Infinity (AXS) and Chainlink (LINK). The company plans to become one of the world’s top 10 spot exchanges. According to the announcement, the company decided as early as last year to set up its own spot exchange to meet the growing demand for digital assets from customers:
“We are not going to stop there and will continue to develop our cryptocurrency ecosystem. In the future, we will add more trading pairs and provide our users with more opportunities to participate in the cryptocurrency market.”
BitMEX was founded in 2014 and is one of the world’s largest digital currency trading companies. Previously, the exchange only specialised in derivatives, allowing users to buy and sell contracts such as options, futures and perpetual contracts on a wide range of crypto assets.
Recall that in March, BitMEX co-founder Samuel Reed pleaded guilty to violating US bank secrecy laws, as well as to willful violations of AML and KYC regulations.