Cardano (ADA) and Other Cryptocurrencies Now Available on BitMEX Exchange

Alex Dovbnya

Cardano (ADA) is among the cryptocurrencies that were recently listed on the BitMEX exchange

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Thu, 8/12/2022 - 6:35

Cardano (ADA) and Other Cryptocurrencies Now Available on BitMEX Exchange

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The BitMEX cryptocurrency exchange has announced that it now supports Cardano (ADA), Polkadot (DOT), and Tezos (XTZ).

Users will be able to deposit and withdraw the aforementioned cryptocurrencies via their BitMEX wallet on top of Shiba Inu (SHIB), Chainlink (LINK), Tron (TRX), Solana (SOL), Polygon (MATIC), and plenty of other cryptocurrencies.

It will now be possible to convert USD Coin (USDC) and Tether (USDT) into roughly 30 cryptocurrencies, which includes the newly added ones.

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As reported by U.Today, BitMEX listed Ethereum (ETH) earlier this year.

The cryptocurrency trading platform introduced its fiat on-ramp service back in November 2021.

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After emerging as a dominant force in crypto during the 2018 bear market, BitMEX lost its market after its founders, including former CEO Arthur Hayes, were charged with violating the bank secrecy act and facilitating money laundering. BitMEX was also forced to pay a $100 million civil monetary penalty to the Commodity Futures Trading Commission for failing to implement a know-your-customer program.

After changing its leadership and starting to prioritize regulatory compliance, BitMEX ended up losing its mojo.

In October, Alexander Höptner announced that he had decided to step down as the CEO of BitMEX after spending less than two years at the exchange.

#Cardano News #Polkadot (DOT) News #Tezos News

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.