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BitMEX has introduced options trading, a new feature developed in collaboration with PowerTrade, a crypto options platform. This move expands BitMEX’s offerings beyond its well-known high-leverage perpetual swaps.
With the new options trading, users can now engage in margin trading using Bitcoin (BTC), USDT, or USDC.
To incentivize users to try out the new options, BitMEX is waiving all commissions until the end of May. Additionally, users who deposit $1,000 or more and trade at least one option will receive a 20 USDC sign-up bonus.
Moreover, BitMEX plans to provide educational resources to assist users who are new to options trading or the BitMEX platform.
The range of cryptocurrencies available for options trading on BitMEX includes popular ones like Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Binance Coin (BNB).
Interest in cryptocurrency options is on the rise within the crypto industry. Several American stock exchanges, such as Cboe, BOX, MIAX, Nasdaq ISE, and NYSE American, have applied to the U.S. Securities and Exchange Commission (SEC) to introduce options on spot cryptocurrency ETFs.
However, the SEC has yet to make a decision on these applications, and public comments are currently being solicited regarding the potential launch of such products.
As the U.S. regulatory process unfolds, two American congressmen—Mike Flood and Wiley Nickel—have written to SEC Chairman Gary Gensler urging the approval of options on spot Bitcoin ETFs.