July 27, 2021, 4:00 PM EEST
HELSINKI – Tesseract has partnered with BitMEX, the world’s most advanced peer-to-peer crypto-products trading platform, to become their official credit provider partner. The partnership will allow BitMEX clients to increase their capital efficiency by taking loans against their portfolios.
BitMEX’s offering includes perpetual swaps, traditional futures, and quanto futures for tens of trading pairs, including the likes of Bitcoin (BTC/XBT), Ethereum (ETH), and Uniswap (UNI). BitMEX’s XBTUSD perpetual swap is the most traded cryptocurrency product of all time. “Partnering with the industry-leading derivative trading platform is a big milestone in expanding our credit offering beyond institutions and retail-focused trading platforms. I’m thrilled that we have been able to partner with BitMEX on this front, and I believe our partnership will carry us both a long way in building a more secure and sustainable cryptocurrency industry”, commented Tesseract’s CEO Yichen Wu.
Disclaimer: This article is an educational analysis of yield source categories in the digital asset market. It does not describe or relate to any specific product or service offered by Tesseract or its affiliates. This article is provided for informational purposes only and does not constitute investment advice, a recommendation, or an offer of any crypto-asset service under the Markets in Crypto-Assets Regulation (MiCA). Regulatory analysis is based on published legislation and should not be treated as definitive legal interpretation. Mandatory service provider information under MiCA, details on distance selling as required by the Finnish Consumer Protection Act, and risk descriptions related to crypto-assets are available at www.tesseract.fi. Clients are advised to review this information before making investment decisions.
