Previously, BitMEX was known only as Bitcoin Derivatives Exchange.

But it abandoned its plans and added support for new assets, most recently Ethereum.

According to the announcement on March 21, users will be able to deposit, withdraw, buy and transfer Ethereum instantly.

This comes as an addition to previously available cryptocurrencies including Bitcoin and Tether (USDT ERC-20).

BitMEX customers now have the option to buy Bitcoin and Ethereum with 36 fiat currencies such as:

US Dollars Euros British Pounds, Japanese Yen, Brazilian Pounds, Canadian Dollars, Swiss Francs…etc.

BitMEX promised its users that they could convert USDT into the second largest cryptocurrency without paying any hidden fees.

Read:Developer of crypto-mixing platform “Tornado Cash” arrested in Amsterdam

Also, all currency conversion transactions made on BitMEX occur instantly, at the offered conversion rate, according to Advertising company.

Alexandre Hauptner, CEO of BitMEX, outlined his vision on how to turn BitMEX into a larger platform in the crypto industry.

According to the statement, the company wants to add new assets in the following weeks, other than Ethereum.

In addition, the platform plans to launch an instant branch, in anticipation of the arrival of instant trading of the official digital currency of the BitMEX platform, as the company previously issued its new native currency BMEX and distributed it to users.

Read:Report: Half of Investors Hold Bitcoin with Unrealized Net Profit

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