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BitMEX, PowerTrade Forge Alliance to Elevate Crypto Trading

This collaboration is backed by heavyweight industry players, including Ascend Ventures, Pantera Capital, and Ledger Prime, among others.

Photo by charlesdeluvio / Unsplash

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In a move that promises to reshape the landscape of crypto trading, crypto derivatives exchange BitMEX has announced a strategic partnership with crypto options platform PowerTrade.

The partnership will explore the integration of new products to BitMEX’s comprehensive portfolio and reinforce the platform’s commitment to pioneering innovation and enhancing its trading experience for users, according to an announcement on Wednesday.

Mario Gomez Lozada, CEO of PowerTrade, emphasized the potential of this partnership, stating that it aims to develop a "game-changer in the market," leveraging their advanced financial products with BitMEX's robust infrastructure.

Launched in 2014, BitMEX boasts an extensive offering of over 100 derivatives contracts and supports trading for 11 spot pairs, with conversion options among 30 different cryptocurrencies.

Stephan Lutz, CEO at BitMEX, commented on this partnership, stating, "We aim to offer crypto traders the most profitable opportunities on the safest and most reliable trading platform in the market. We recognize the dynamics and competitive nature of the market, and we hope to set new standards for the future of crypto trading."