Bitmex will add crypto spot trading on it platform soon

[Lens1000]

There is a huge competition among the cryptocurrency exchange in the world. The exchanges come up with different plans and features that will attract crypto users and we have seen also seen different crypto exchange coming out with features that will surpass that which was formally launched by other cryptocurrency exchanges . I would say that, this is a healthy competition because it will bring out the best in the services of the cryptocurrency exchange.

One of the foremost and oldest cryptocurrency exchange in the world, bitmex planned to had a crypto spot trading platforms on its exchange and this is going to take its course very soon. Bitmex was founded in the year 2014 and since then, it has been undergoing different phases of development and this one is not an exception.

If the project becomes finally successful, it will be a major milestone for the cryptocurrency service offering company. The introduction of the trading platform is a good development and the currency pair that are supported are BTC, ETH, LINK,UNI , MATIC,AXSband APE, all if these will be paired to the Tether (USDT). This is indeed a laudable development and it will create a major awareness and attract so many crypto users to the exchange.

 

[Flow-er]

It is very correct that the competition that is going on among the cryptocurrency exchange is getting very high and this has made cryptocurrency exchange services to be very encouraging and good for the users because you could choose from a wide range of features that have been presented by these cryptocurrency exchanges.

The most important thing is that the cryptocurrency exchange are in a very tough competition with each other and Bitmex being one of the oldest cryptocurrency exchange in the crypto space introducing a spot trading is more or less like trying to compete favourably with binance which offers the service. The spot trading would allow you to carry out the technical analysis on a cryptocurrency to trade and it will give you enough information on the next market sentiment of the cryptocurrency that you are studying. You could only use this type of feature when you have a good knowledge around the technical analysis because you would need to be able to predict the next market movement using pure price action and if you did not have a good knowledge around the technical analysis, it will be difficult for you to make such predictions. The knowledge around candlestick patterns is also important.