Crypto derivatives exchange BitMEX has launched options trading, co-developed with PowerTrade, a crypto options platform with backers including Ascend Ventures, Pantera Capital and Ledger Prime.
The BitMEX options platform offers a “full suite” of institutional grade options for assets, including bitcoin, ether, XRP, BNB, solana and dogecoin, with plans to expand on this in the near future, the firm said. The exchange will also provide educational resources for users new to options trading or the BitMEX platform, Lutz added, including basic explainers, strategy examples and a step-by-step video guide.
“Unlike other options platforms that primarily use BTC or ETH for settlement and would require additional fees for conversion, BitMEX options presents a more flexible and user-friendly product to the current market,” Lutz said.
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