BitMEX Rolls Out Options Trading

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A new options trading feature has been developed by BitMEX in collaboration with PowerTrade.

This addition will provide traders with the opportunity to take advantage of market volatility, manage risk, and determine prices through simple and straightforward options, without any special or unique features.

Coinciding with the upcoming Bitcoin halving event, BitMEX has also increased the leverage on its Bitcoin perpetual swaps to 250x.

The exchange aims to achieve at least $500 million in trading volume within the next three months for its new options product, available in all regions where BitMEX operates.

According to BitMEX CEO Stephan Lutz, “Crypto Options are a valuable product for derivatives traders, especially in a sideways market.

As a leading derivatives exchange, we want to provide BitMEX users with the best tools to maximize their potential and trading strategies, whether it’s managing risks, taking positions, or capitalizing on the recent increase in implied volatility.”