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Home CryptoCurrency

BitMEX introduces social trading for professional traders called guilds

admin by admin
July 17, 2023
in CryptoCurrency
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Seychelles-based cryptocurrency exchange BitMEX has launched a dedicated space where traders can actively engage with each other. The new solution, called Guilds, is currently in beta (testing) phase.

The upcoming development can be considered as a breath of fresh air for the company that went through some serious setbacks during the crypto winter. It sacked some of its staff last year while its CEO Alexander Hauptner stepped down.

enter the guild

according to a document seen by crypto potato, the social trading option will be available to all BitMEX users. The Guild will allow them to exchange ideas, talk about trading strategies and share insights.

Each guild would consist of a leader who would take responsibility for customizing and defining its identity. Once the facility is set up, other clients can join in and discuss in a private chat room integrated into the trading UI.

Any verified BitMEX user with at least 10,000 BMEX stake can become a Leader, while each Guild can host up to 49 members.

BitMEX CEO and Group CFO Stephan Lutz said the guilds aim to “increase collaboration” among the platform’s community and are “a testament to our commitment to helping our traders grow.”

Noting the progress made by leading companies in the ETF space, he said that BitMEX should follow the high expectations in the current crypto industry:

“As industry veterans, we understand the expectations and unique needs of professional traders, especially at a time when more Wall Street players enter the space and ETF applications are being made more accessible by institutions.

The early success of BitMEX’s latest offering gives me confidence in the direction of product development and our ability to empower and support traders through our extensive ecosystem.

The feature (introduced at the end of June) has already amassed more than 230 beta testers, with traders earning nearly $330,000 in PNL in the past week.

last year’s turmoil

The bear market hurt BitMEX’s operations in 2022, which saw its previous CEO Alexander Hauptner ousted resigned from his post. Earlier, the German participated in a special event Interview For crypto potatoTalked about the need for regulations in the crypto sector, and vowed to lead the market into a new era.

BitMEX also has Keep Its name joins a long list of digital asset entities that laid off a percentage of their workforce due to macroeconomic conditions. However, the exact number of dismissals remained undisclosed.

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[ad_1]

Seychelles-based cryptocurrency exchange BitMEX has launched a dedicated space where traders can actively engage with each other. The new solution, called Guilds, is currently in beta (testing) phase.

The upcoming development can be considered as a breath of fresh air for the company that went through some serious setbacks during the crypto winter. It sacked some of its staff last year while its CEO Alexander Hauptner stepped down.

enter the guild

according to a document seen by crypto potato, the social trading option will be available to all BitMEX users. The Guild will allow them to exchange ideas, talk about trading strategies and share insights.

Each guild would consist of a leader who would take responsibility for customizing and defining its identity. Once the facility is set up, other clients can join in and discuss in a private chat room integrated into the trading UI.

Any verified BitMEX user with at least 10,000 BMEX stake can become a Leader, while each Guild can host up to 49 members.

BitMEX CEO and Group CFO Stephan Lutz said the guilds aim to “increase collaboration” among the platform’s community and are “a testament to our commitment to helping our traders grow.”

Noting the progress made by leading companies in the ETF space, he said that BitMEX should follow the high expectations in the current crypto industry:

“As industry veterans, we understand the expectations and unique needs of professional traders, especially at a time when more Wall Street players enter the space and ETF applications are being made more accessible by institutions.

The early success of BitMEX’s latest offering gives me confidence in the direction of product development and our ability to empower and support traders through our extensive ecosystem.

The feature (introduced at the end of June) has already amassed more than 230 beta testers, with traders earning nearly $330,000 in PNL in the past week.

last year’s turmoil

The bear market hurt BitMEX’s operations in 2022, which saw its previous CEO Alexander Hauptner ousted resigned from his post. Earlier, the German participated in a special event Interview For crypto potatoTalked about the need for regulations in the crypto sector, and vowed to lead the market into a new era.

BitMEX also has Keep Its name joins a long list of digital asset entities that laid off a percentage of their workforce due to macroeconomic conditions. However, the exact number of dismissals remained undisclosed.

Special Offer (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).

PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.

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