Crypto BitMEX, the derivatives exchange, has announced a partnership with PowerTrade, a crypto-options platform backed by Ascend Ventures, Pantera Capital, Ledger Prime QCP Capital. The collaboration is aimed at exploring and bringing to market new products for professional traders.
Stephan Lutz, BitMEX’s CEO, commented on the partnership: “The strategic partnership with PowerTrade exemplifies our ambition to offer crypto traders the most profitable opportunities on the safest and most reliable trading platform in the market. We recognise the dynamics and competitive nature of the market, and we hope to set new standards for the future of crypto trading.”
The BitMEX exchange has recently expanded its portfolio with PowerTrade, as it continues to innovate and improve the trading experience of its users. Currently, traders have access to more than 100 derivatives, including spot trading for 11 major currency pairs. The latest listing is for Fantom, with a perpetual swap of the layer one smart contract platform’s FTM set for listing on December 7, 2023. The leverage on the BitMEX FTM/USD website can be up to 10x.
This strategic partnership between BiMEX and PowerTrade comes as a result of the growing demand for new derivatives products from professional traders. BitMEX continues to lead the industry with new products and services that aim to give traders the most profitable opportunities.
