BitMEX Expands with New Prediction Markets and Enhanced Derivatives Offering

By Theon Barrett Sep 13, 202355Views

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Ride the Wave with BitMEX’s New Product

Since the departure of Alexander Höptner as CEO, BitMEX has been going back to its roots. The cryptocurrency exchange has recently launched a new product aimed at allowing traders to diversify their portfolios and earn returns by predicting real-world outcomes.

Stephan Lutz, the current CEO and group CFO at BitMEX, stated that the goal of the new product is to enable traders to “ride the waves of the ever-changing world.” He believes that Prediction Markets is a valuable tool for traders, particularly in a bear market with low volatility.

The platform currently offers three prediction contracts, with plans to add more in the future. Traders can bet on various topics such as the percentage recovery rate of FTX’s bankruptcy claims and the approval of a Bitcoin ETF by the U.S. Securities and Exchange Commission before October 17th.

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#Bankruptcy bitcoin cryptocurrency cryptocurrency exchange ever exchange FTX ID market prediction theblock.co U.S. Securities and Exchange Commission Waves

Theon Barrett

Theon Barrett shines as a distinguished crypto analyst, accomplished researcher, and skilled editor, making significant strides in the field of cryptocurrency. With an astute analytical approach, Theon brings clarity to intricate crypto landscapes, offering insights that resonate with a broad audience. His research prowess goes hand in hand with his editorial finesse, allowing him to distill complex information into accessible formats. Theon's work serves as a guiding light for both experienced enthusiasts and newcomers, providing well-researched perspectives that empower informed decision-making in the ever-evolving realm of cryptocurrencies.