BitMEX launches spot crypto exchange

Global crypto derivatives exchange BitMEX is launching a spot crypto trading platform, expanding its platform beyond just derivatives.

BitMEX officially announced on May 17 that its spot crypto exchange, the BitMEX Spot Exchange.

The exchange is now live, allowing retail and institutional investors to buy, sell and trade cryptocurrencies like Bitcoin (BTC) and Ether (ETH).

The exchange supports seven pairs of cryptocurrencies, including BTC, ETH, Chainlink (LINK), Uniswap (UNI), Polygon (MATIC), Axie Infinity (AXS) and ApeCoin (APE), all trading against the Tether stablecoin (USDT).

Founded in 2014, BitMEX is one of the world’s largest and oldest crypto trading companies, starting providing its services about six years after Bitcoin was launched.

BitMEX has faced some legal issues recently, with founders Arthur Hayes and Hong Konger Benjamin Delo pleading guilty to violating the Bank Secrecy Act in February 2022.

The court eventually ordered a total of $30 million civil monetary penalties from the three co-founders of BitMEX crypto derivatives exchange in March.