Recently, BitMEX has introduced the opportunity to engage in options trading in partnership with PowerTrade, a platform for cryptocurrency options. These options are tradable in Bitcoin, USDT, or USDC on the widely renowned cryptocurrency exchange.
In order to attract traders, BitMEX is providing commission-free options trading until the conclusion of May. Additionally, individuals who deposit a minimum of $1,000 and execute at least one options trade will be granted a sign-up bonus of $20 in USDC.
The exchange will supply educational materials for those who are new to options trading or the BitMEX platform. BitMEX boasts some of the smallest minimum trade sizes in the market, for example, 0.01 for BTC and 0.1 for ETH.
Options trading for cryptocurrencies such as DOGE, SOL, XRP, and BNB will be accessible on the platform. While interest in cryptocurrency options is on the rise, the United States has been sluggish in offering options for crypto ETFs.
Various American stock exchanges have submitted requests to introduce options for spot cryptocurrency ETFs, but regulatory measures are still pending. Consequently, two American congressmen have called upon the Chairman of the SEC to authorize the implementation of options for spot Bitcoin ETFs.
For further insights, one can delve into the options market's forecasts on Bitcoin's potential to attain $100k.
