BitMEX adds Tether for margin and settlement to provide cryptocurrency enthusiasts more diversified service offerings
As many have come to realize, Bitcoin (BTC), while offering many opportunities, is a volatile cryptocurrency, one that is no stranger to fluctuation in its prices. Like other volatile assets in traditional markets, many traders have looked to derivatives trading to help mitigate some of these risks. However, the same diverse set of professional-grade derivatives that investors have come to know didn’t always exist in the digital space of crypto.
BitMEX, a platform established in 2014, arose to address this need as a Bitcoin-only platform for margin and settlement. Since then, the evolution of the cryptocurrency landscape towards stablecoins has prompted a strategic shift, one that involved the stablecoin Tether (USDT).
In light of the recent
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