BitMEX Launches Groundbreaking Guilds Feature, Revolutionizing Social Trading

BitMEX Launches Guilds for Traders to Connect and Collaborate

The Seychelles-based cryptocurrency exchange BitMEX has introduced Guilds, a new feature that allows traders to actively engage with each other. This move comes after the company faced setbacks during the crypto winter, including employee dismissals and the resignation of its CEO Alexander Höptner. Guilds will enable BitMEX users to exchange ideas, discuss trading strategies, and share insights within private chat rooms integrated into the trading interface. Each Guild will have a leader responsible for customization and defining its identity, and verified BitMEX users with at least 10,000 BMEX staked can become leaders. Guilds aims to foster collaboration among the platform’s community and support traders in the current competitive crypto industry.

Key Points:

BitMEX has launched Guilds, a dedicated space for traders to engage with each other.
Guilds will allow users to exchange ideas, discuss trading strategies, and share insights.
Each Guild will have a leader responsible for customization and identity.
Verified BitMEX users with 10,000 BMEX staked can become leaders, and each Guild can host up to 49 members.
Guilds aims to drive collaboration and support traders in the competitive crypto industry.

Last Year’s Turbulence

BitMEX faced challenges during the bear market in 2022, leading to the resignation of its CEO and undisclosed employee layoffs. Despite these setbacks, BitMEX is striving to adapt to the changing crypto landscape and fulfill the expectations of professional traders. The introduction of Guilds has already gained significant interest, with over 230 beta testers and traders earning $330,000 in PnL last week. This shows promising progress for BitMEX’s product development and commitment to empowering its traders within a comprehensive ecosystem.

Hot Take:

BitMEX’s launch of Guilds demonstrates its dedication to supporting and fostering collaboration among traders. By providing a space for users to exchange ideas and strategies, BitMEX is creating a community-driven environment that can thrive in the competitive crypto industry. Despite past challenges, BitMEX’s new feature has gained traction and shows potential for further growth and success.