BitMEX Launches Options Trading Service
Main page News, Cryptocurrency Exchanges, Cryptocurrency, BitMEX
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9 May

Crypto exchange BitMEX has launched options trading in partnership with PowerTrade, a cryptocurrency options platform backed by Ascend Ventures, Pantera Capital and Ledger Prime.

Its well-known perpetual swaps with 100x leverage, which recently increased to 250x before the Bitcoin halving, have made BitMEX one of the major players in the market.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

The company's CEO Stephan Lutz is targeting a trading volume of at least $500 million within three months for the new options product.

BitMEX plans to offer options trading in all regions where it is currently available.

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Deribit currently holds the majority market share in Bitcoin options trading, with 70% ($35.7 billion) of the $51.1 billion in volume traded in April.

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