BitMEX Collaborates with PowerTrade to Introduce New Crypto Products for Traders

5:03 pm
December 6, 2023

**Summary:**
BitMEX, a crypto derivatives exchange, has entered a strategic partnership with PowerTrade, a crypto options platform, supported by major investors such as Ascend Ventures, Pantera Capital, Ledger Prime, and QCP Capital. The collaboration aims to introduce innovative trading products for professional traders, expanding BitMEX’s portfolio and enhancing users’ trading experiences.

BitMEX’s CEO, Stephan Lutz, emphasized the partnership’s goal to provide secure and profitable opportunities to crypto traders. This partnership comes at a time of increasing demand for new derivatives products from professional traders and underlines BitMEX’s commitment to innovation and meeting market dynamics.

The latest offering on BitMEX includes the listing of Fantom, a layer one smart contract platform, with a perpetual swap of FTM set for listing on December 7, 2023, offering up to 10x leverage.

**BitMEX’s Partnership with PowerTrade: A Game Changer in Crypto Trading**

BitMEX has recently announced its partnership with PowerTrade, a crypto options platform, to explore and introduce new trading products for professional traders. The collaboration is with the backing of significant investors such as Ascend Ventures, Pantera Capital, Ledger Prime, and QCP Capital, adding credibility and resources to this initiative.

BitMEX’s CEO, Stephan Lutz, expressed the company’s commitment to offering a secure and reliable platform while recognizing the competitive nature of the market. The collaboration aims to set new standards for the future of crypto trading, indicating a strategic drive towards innovating crypto products.

This strategic partnership aligns with BitMEX’s dedication to expanding its portfolio and enhancing the trading experience for its users, ensuring that they have access to the most profitable opportunities in a safe and reliable trading environment.

**New Listing and Offering on BitMEX**

In line with the collaboration, BitMEX is set to list Fantom, a layer one smart contract platform, with a perpetual swap of FTM on December 7, 2023, offering up to 10x leverage. This expansion of trading options demonstrates BitMEX’s continuous efforts to meet the evolving demands of professional traders and providing diverse opportunities to its users.

The partnership and the subsequent product offerings come at a time when there is a growing demand for new derivatives products from professional traders. BitMEX’s latest list of offerings includes over 100 derivatives contracts, with spot trading available for 11 major pairs.

**FAQs**

**Q: What is BitMEX?**
A: BitMEX is a cryptocurrency derivatives trading platform that offers various trading products for professional traders.

**Q: What is PowerTrade?**
A: PowerTrade is a crypto options platform that focuses on providing innovative trading products for the crypto market.

**Q: What is the significance of BitMEX’s partnership with PowerTrade?**
A: The partnership signifies a strategic move by BitMEX to expand its portfolio and offer innovative products to meet the evolving demands of professional traders while enhancing their trading experience.

**Q: What is the new offering on BitMEX?**
A: BitMEX is set to list Fantom, a layer one smart contract platform, with a perpetual swap of FTM on December 7, 2023, offering up to 10x leverage.

**Q: How many derivatives contracts are available on BitMEX?**
A: Currently, traders can access more than 100 derivatives contracts on the platform, with spot trading available for 11 major pairs.


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