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- BiMEX is partnering with crypto choices platform PowerTrade to discover and provide new buying and selling merchandise to skilled merchants.
- The strategic partnership is backed by Ascend Ventures, Pantera Capital, Ledger Prime and QCP Capital.
Crypto derivatives alternate BitMEX has introduced a strategic partnership with PowerTrade, a crypto choices platform backed by Ascend Ventures, Pantera Capital, Ledger Prime and QCP Capital.
The collaboration between the 2 platforms seeks to discover and convey to the market new merchandise for skilled merchants. The mixing with PowerTrade sees BitMEX develop its portfolio because it focuses on additional innovation to raise the buying and selling experiences of its customers.
Commenting on the partnership, Stephan Lutz, CEO at BitMEX, mentioned:
“The strategic partnership with PowerTrade exemplifies our ambition to supply crypto merchants essentially the most worthwhile alternatives on the most secure and most dependable buying and selling platform available in the market. We recognise the dynamics and aggressive nature of the market, and we hope to set new requirements for the way forward for crypto buying and selling.”
BitMEX’s newest effort comes amid a rising demand for brand spanking new derivatives merchandise from skilled merchants. Presently, merchants can entry greater than 100 derivatives contracts on the platform, and spot buying and selling is obtainable for 11 main pairs.
Its newest itemizing is for Fantom, with a perpetual swap of the layer one sensible contract platform’s FTM set for itemizing on December 7, 2023.
$FTM followers pay attention up as a result of @FantomFDN is coming to BitMEX tomorrow, together with 10x leverage. For the lowdown on the newest itemizing, learn on. 👇https://t.co/42NWxd5v2n
— BitMEX (@BitMEX) December 6, 2023
In line with particulars on the BitMEX web site, FTM/USD Perpetual Swap will checklist with as much as 10x leverage.