.BitMEX has launched seven spot trading pairs as it looks to close the book on the era of co-founder Arthur Hayes. Reporting by oknightcrypto.
The exchange said it will be giving away $1 million in cryptocurrency for users that place trades on the spot pairs.
The platform launched in 2014 and was considered the market-leading derivatives exchange as it pioneered, which are effectively futures contracts without expiry that require less margin and allow for higher leverage. The emergence of FTX and Binance Futures saw BitMEX fall down the pecking order. It now has plans to become a"top 10 global spot exchange," it said in an email.
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