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BitMEX Adds Yearn.Finance (YFI), Polkadot (DOT), and Binance...

BitMEX Adds Yearn.Finance (YFI), Polkadot (DOT), and Binance Coin (BNB)

Leading crypto derivatives platform BitMEX has continued to support new cryptocurrencies after promising to do so earlier this year. The firm recently announced the addition of three new futures contracts for its users.

BitMEX has been a subject of much scrutiny over recent weeks due to the U.S. CFTC announcing it is charging the exchange and its co-founders. The exchange’s parent company, 100x, subsequently went through an executive restructuring to instate new executives.

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BitMEX Adds Three New Trading Pairs

Announced on October 22nd, BitMEX plans on adding quanto future contracts for three crypto assets: Binance

“As with all quanto products, these contracts have a fixed Bitcoin multiplier regardless of the underlying

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KYC Mandated 

The announcement of these new contracts comes hot on the heels of another announcement that BitMEX will be accelerating its Know Your Customer mandate.

BitMEX says that all users of the exchange must be fully verified by November 5th to use the platform further:

“We are introducing changes to accelerate the rollout of our User Verification Programme for individual and BitMEX Corporate customers. Users must now be fully verified by 5 November 2020 at 00:00 UTC to continue trading on the platform.”

Those that do not complete KYC by the deadline will not be able to open new positions or withdraw capital from their account.

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Photo by NICHOLAS CAPPELLO on Unsplash
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BitMEX adds Yearn.Finance (YFI), Polkadot (DOT), and Binance Coin (BNB)



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