BitMEX Announces Strategic Partnership with PowerTrade, a Crypto Options Platform
BitMEX, a prominent crypto derivatives exchange, has unveiled a strategic partnership with PowerTrade, a crypto options platform.
On November 6, BitMEX announced that it will partner with PowerTrade, which is supported by industry heavyweights such as Ascend Ventures, Pantera Capital, and Ledger Prime. This collaboration aims to introduce new products into BitMEX’s extensive portfolio, emphasizing the platform’s dedication to pioneering innovation and elevating the trading experience for its users.
@PowerTradeHQ is proud to announce our strategic partnership with @BitMEX , renowned leader in the crypto derivatives arena.
The partnership is set to explore the integration of new products between our platforms, leveraging BitMEX's market-leading liquidity and PowerTrade's… pic.twitter.com/zfCl6W0WYB
— PowerTrade (crypto options) (@PowerTradeHQ) December 6, 2023
BitMEX, established in 2014, caters to cryptocurrency derivatives traders with low latency, deep liquidity, and maximum availability. Notably, the exchange has maintained an impeccable security record, boasting “no coin lost, ever!” since its inception.
As part of its services, BitMEX provides over 100 derivatives contracts, supports 11 pairs for spot trading, and offers a seamless conversion function among 30 different cryptocurrencies. The partnership with PowerTrade is likely aimed at further enhancing the platform’s capabilities and meeting the evolving needs of professional traders in the cryptocurrency market.
Stephan Lutz, CEO at BitMEX, emphasizes the significance of this strategic partnership, stating,
“The strategic partnership with PowerTrade exemplifies our ambition to offer crypto traders the most profitable opportunities on the safest and most reliable
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