The firm is undercutting larger rivals in its bid to grow market share.
BitMEX — one of the longest-running exchanges in digital asset futures space — is hoping that the launch of a spot new market will help it lure retail customers in the midst of the crypto trading doldrums.of its founder Arthur Hayes, unveiled on Tuesday its new spot market, offering the trading of cryptocurrencies like bitcoin, ether, Bored Ape Yacht Club's APE token, and Uniswap's governance token UNI.
"It is completely different from our classic look and feel," said BitMEX Vice President of spot Genia Mikhalchenko. He is hoping that will appeal to retail traders who may be looking for new options after the most recent downturn. Taking a realist approach, Mikhalchenko said he's aware BitMEX is late to the game on gate-crashing spot trading, adding that the firm doesn't have any"delusions" about its prospects.
"Given everything that's going on... this will be especially attractive," he said, referring to the draw down in crypto prices.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BitMEX Starts Spot Exchange on Eve of Co-Founder Hayes' Sentencing.BitMEX has launched seven spot trading pairs as it looks to close the book on the era of co-founder Arthur Hayes. Reporting by oknightcrypto.
Read more »
BitMEX Starts Spot Exchange on Eve of Co-Founder Hayes' Sentencing.BitMEX has launched seven spot trading pairs as it looks to close the book on the era of co-founder Arthur Hayes. Reporting by oknightcrypto.
Read more »
Local convenience store chain going 24/7 with new location near DUThe owner of Choice Market is getting ready to launch his fourth location at 1737 E. Evans Ave. in the University neighborhood this summer. He signed a lease for the 3,800-square-foot space, previo…
Read more »
New Video Shows Helicopter Catching Rocket Booster in MidairInspired by SpaceX, the U.S. startup is hoping to reuse its Electron rocket boosters to reduce launch costs.
Read more »
Massive San Antonio jobs program launched, open for enrollmentMonday marks the official launch of a $230 million program city leaders hope will move thousands of residents into good-paying jobs.
Read more »
Quantum Leap Revival Releases First Photos of the New CastThe NBC revival of Quantum Leap has released its first batch of photos that feature the new cast. [...]
Read more »