Exchange BitMEX will cease to add new cryptocurrencies | Bitcoin news

Exchange BitMEX will cease to add new cryptocurrencies

The head of the cryptocurrency exchange BitMEX Arthur Hayes said that he would not add support for new digital coins. The decision of the investor and the entrepreneur was announced by Invest in Blockchain.

Platform specializes on derivatives trading. According to Hayes, such a tool requires significant liquidity from cryptocurrencies, which is not peculiar to small capitalization coins.

Now BitMEX supports contracts for bitcoin, Ethereum, Cardano, Bitcoin Cash, EOS, Litecoin, Tron and Ripple. Also on the platform are futures on BTC and ETH and perpetual swaps. The exchange plans to launch bitcoin options (fixed-term contracts that give the right to acquire a certain amount of an asset at a predetermined price in the future).

Recently, Arthur Hayes said that in the next few years Bitcoin will rise to $50 000. The head of the exchange is confident that the control of the authorities will constantly grow, and the cryptocurrency will be the last asset that will help to maintain financial confidentiality, so the demand for it will increase.

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