BitMEX Spot, the new trading platform to buy and sell crypto launched by one the world’s largest crypto exchanges, BitMEX, today celebrates a milestone of reaching $24 million USD 24-hour trade volume on 25 May – the highest after going live 10 days ago. It represented a daily increase over the previous day of approx. 100%.
BitMEX’s daily signup and first time deposits have also jumped five times since BitMEX Spot’s official rollout on 17 May, with the Average Daily Value (ADV) reaching over 3 million traded in the first week. The progress marks a momentous and encouraging step for the company in its aim to continue to offer users an expanding crypto ecosystem that supports their trading strategies – whether that is spot, derivatives, or interest-bearing products.
Alexander Höptner, CEO of BitMEX, said: “The influx of new BitMEX users and trading volume reflect a strong appetite from institutional and retail traders and our long-term bullish views of today’s market environment. With the successful addition of Spot, BitMEX is in a strong position to further its expansion to introduce a wider array of offerings – on top of derivatives and interest-bearing products – to support traders around the world, bringing us closer to achieving global recognition of crypto as an asset class.”
Genia Mikhalchenko, Vice President, BitMEX Spot, said: “We are very excited about the strong start to the launch of our spot markets and really appreciate the supportive feedback and positive responses from existing and new BitMEX traders. The numbers we are seeing internally in the first 10 days reinforce that our decision to go Beyond Derivatives was the right one. Our newly re-imagined affiliate programme has also been a key piece in enabling the continued growth of our community and we look forward to expanding it over the coming months. In addition, we will be rolling out a selection of new and exciting assets throughout the remainder of the year to support the growth of the spot market and ensure that our traders have the products they need!”
BitMEX Spot Exchange currently offers seven crypto pairs (all against Tether/ USDT). These assets are Bitcoin (XBT), Ethereum (ETH), Chainlink (LINK), Uniswap (UNI), Polygon (MATIC), Axie Infinity (AXS), and ApeCoin (APE). More trading pairs, alongside other user rewards and benefits, will be rolled out later in 2022.
BitMEX is an iconic trading platform that offers access to crypto-products in the global digital asset financial markets. BitMEX allows users to buy, deposit, withdraw, convert, and trade with cryptocurrencies (XBT, ETH, and USDT, as well as LINK, UNI, MATIC, AXS and APE as part of the Spot exchange launch), and it currently supports purchases with +30 fiat currencies.
BitMEX has been at the forefront of crypto exchanges since 2014, revolutionising the industry with the invention of the perpetual swap, the most traded crypto product in history, and has continued to relentlessly innovate since then. BitMEX is owned by HDR Global Trading Limited. To learn more about BitMEX, our vision, growing team, and the road ahead, please follow us on Twitter, Telegram, and the BitMEX Blog.