BitMEX Plans To Open Crypto Options Platform – What Does It Mean For You

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BitMEX CEO, Arthur Hayes, in an interview on podcast Venture Coinist on April 12, has announced that the derivatives platform will add an options platform in the next 12 to 18 months.

The full podcast covered a range of topics, and Hayes also mentioned that BitMEX has no plans to add new cryptocurrencies in the near future because derivatives lacked liquidity in the spot market,

So you know, in my, in my opinion, the futures market should always be tighter and trade larger than the underlying of this derivative. And that only happens if you have sufficient liquidity in the spot market.

BitMEX is one of the most popular platforms for margin trading, and is highly used by many crypto investors to make a profit out of their capital.

How Will Options Help Investors?

With options, users can trade an asset at any price in the future, which widens trading strategy to support hedging and speculation. Because they can be sold at any price within the expiry date, users can gain some protection from using options, if traded correctly. Generally, they are less risky than stocks. With the cryptocurrency market being one of high risk to begin with, the option of having options is something investors should look forward to.

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