Crypto trading platform BitMEX has launched BitMEX Spot Exchange for retail and institutional traders, as the company looks to expand its product offering.
The exchange supports cryptocurrencies including Bitcoin and Ethereum, among others.
BitMEX Spot will allow users to transact between fiat currencies and crypto assets as well as crypto-to-crypto trading pairs.
Users will be able to access the spot by placing coin conversion request-for-quotes, through central limit order books.
In addition, users will soon be able to access the exchange remotely with the introduction of BitMEX Lite, the exchanges’ mobile app, expected to launch in the next few weeks.
The launch comes as BitMEX published research into crypto owners or crypto intenders across Europe, Asia Pacific and Latin America markets, which revealed nearly 90 per cent of respondents are interested in attending crypto courses.
BitMEX also found price volatility is still a primary challenge, with more than 50 per cent of those surveyed aiming to invest for long-term returns in crypto or traditional financial products.
It was in response to this increasing demand from the user base and to changing market conditions that BitMEX decided to build its own fully integrated spot exchange to complement the suite of products it currently offers.
Commenting on the launch, Alexander Höpner, CEO of BitMEX, says: “BitMEX is one step closer to providing our users with a full crypto ecosystem to buy, sell, and trade their favourite digital assets. We aim to deliver more features, more trading pairs, and more ways for our clients to take part in the crypto revolution.”
