BitMEX Users Can Now Buy and Convert Ethereum (ETH)

Formerly known as a Bitcoin-only derivatives exchange, BitMEX has abandoned its plans as it adds support for new assets, with the latest being Ethereum’s native token – Ether.

The announcement from March 21 informed that users will be able to deposit, withdraw, buy, and convert ETH effective immediately.
This comes as an addition to the previously available cryptocurrencies – bitcoin (BTC) and Tether (USDT ERC-20).
Customers have the option to choose from 36 fiat currencies when purchasing digital assets on BitMEX. Some of those include USD, EUR, GBP, JPY, BRL, CAD, CHF, etc.
The exchange promised that users will be able to convert USDT to the second-largest crypto “without paying any hidden fees. You won’t have to worry about slippage, as all crypto converter transactions on BitMEX occur instantly, and at the conversion price shown.”
During his interview with CryptoPotato last year, the company’s CEO – Alexander Hoeptner – explained his vision on how to transform BitMEX into a larger player in the crypto industry.
Now, the statement informed that the firm wants to add new assets in the following weeks, aside from Ethereum.
Additionally, the exchange has plans to launch a spot branch. In anticipation of the BitMEX Spot’s arrival, the company released and airdropped its new native coin a few months back – BMEX.

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