• Wed. Jun 22nd, 2022

BitMEX Launches Spot Crypto Exchange for Retail and Institutional Investors, Bitcoin Rises

ByHazel R. Lang

May 17, 2022

BitMEX, a global crypto derivatives exchange, is expanding its platform beyond just derivatives, by launching a spot crypto trading platform, the company officially announced on May 17.

He said his spot crypto exchange, the BitMEX Spot Exchange, which is now live, allows retail and institutional investors to buy, sell and trade cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). ), reported Cointelegraph.com.

“Today, BitMEX is poised to provide our users with a complete crypto ecosystem to buy, sell and trade their favorite digital assets. We are not going to rest, as we aim to provide more features, more pairs trading and more ways for our clients to participate in the crypto revolution,” BitMEX CEO Alexander Höpner told Cointelegraph.

In other news, music streaming platform Spotify is set to start testing non-fungible token (NFT) galleries on artist pages. “Spotify is running a test where it will help a small group of artists promote their existing third-party NFT offerings through their artist profiles,” a company spokesperson said in a statement to Music Ally.

Crypto prices

The price of Bitcoin in the cryptocurrency market has increased by 1.16% in the past 24 hours, and it was trading at $30,346.31 as of 5:00 PM IST. According to Coinmarketcap.com, its dominance in the crypto market is currently at 44.30%, down 0.22% in the last 24 hours.

In the past 24 hours, Ethereum (ETH) was trading at $2,078.72, up 2.06%, while Binance Coin (BNB) was up 2.41% over the same time frame and traded at $306.26. Solana (SOL) rose 2.77% to $55.82, while Cardano (ADA) rose 2.78% to $0.5837.

meme pieces

Dogecoin was trading at $0.08962 on Coinmarketcap.com as of 5:00 PM IST, and was up 1.81%. Its rival, Shiba Inu, was up 2.83% and trading at $0.00001249. Samoyedcoin was down 10.66% and trading at $0.006093, while Dogelon Mars was up 2.78% and trading at $0.0000005155.

Overall scenario

According to Coinmarketcap.com, the global crypto market capitalization was $1.30 trillion, an increase of 1.51% in the last 24 hours, while the total crypto market volume was 82, $16 billion, a decrease of 6.03%.

MetaPay (METAPAY) was the biggest gainer, gaining 2,025.71%. It was trading at $0.0000109 as of 5:00 PM IST, according to Coinmarketcap. In contrast, the ETH 2x Flexible Leverage Index (ETH2X-FLI) recorded the maximum loss and fell 100%. It was trading at $0.


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