In the latest update, perpetual swap investor, BitMEX has collaborated with PowerTrade intending to capture a significant market share from dominant crypto options platform Deribit which accounts for 70% of the total $51.1 Billion worth of trading volume for Bitcoin options during April. With the backing of Ascend Ventures, Pantera Capital, and Ledger Prime, BitMEX has incentivized users with zero fees and instant cash rewards. The platform has aimed to capture a trading volume of at least $500 Million within the next three months.

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