Forex and Crypto News

BitMEX is preparing to start trading cryptocurrency options

12:35 15 April /2019

BitMEX cryptocurrency exchange is considering the possibility of launching new derivatives linked to cryptocurrencies.

As the head of BitMEX, Arthur Hayes, said, the own stock exchange's platform for trading options may appear within 12-18 months. Such a move will help the company to become the main competitor of Deribit Exchange.

Not only employees of the exchange, but also third-party contractors are working on the creation of new products.

“To create new products, employees of the exchange work together with university professors,” said the head of BitMEX.

Options give the trader the right to buy a certain amount of an asset at a certain price in the future. Like futures, this financial product allows investors to hedge their risks.

In mid-January, the BitMEX management decided to abandon work in the United States and the Canadian province of Quebec. This step is associated with the growth of regulatory obstacles in North America.

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