BitMex, an expansive crypto trading platform worldwide, announced the launch of Spot Trading for the retail sector. The initiative was an attempt to appear amongst the top ten global spot exchanges. In some market analysts’ opinion, this step will prove profitable for the crypto traders as it will provide cutting-edge products.
Besides the topsy turvy in the crypto world, the launch gives disappointed crypto investors a fresh lease of life. BitMex supports cryptocurrencies like Polygon, Bitcoin, Uniswap, Chainlink, Ethereum, ApeCoin, Axie Infinity and Tether. With the help of this spot exchange, the investors will find it easier to withdraw, convert, buy or deposit multiple cryptocurrencies without delay.
Regarding large-scale crypto adoption globally, India seems to be the most active country. Apart from the large-scale adoption of digital currencies, India is even coming up with new projects within the blockchain ecosystem. Genia Mikhalchenko, vice president at BitMex, said that due to India’s popularity in the crypto market, they planned to launch its spot exchange in India.
Currently, there is a buzz about crypto in the market despite the government’s tax imposition. Hence BitMEX took it as an opportunity to integrate spot exchange in their service offerings. This spot exchange will help users place coin conversion requests for quotes, and they can even reap benefits from API trading.
According to BitMEX, its objective is to introduce platforms for institutional and retail clients. They believed in the initiative to enable users to conduct crypto trading and transactions with complete ease.
