BitMEX: The Latest Partnership with Onramper

On February 17, according to the official announcement, BitMEX, a crypto derivatives exchange, reached a cooperation with Onramper. It is reported that Onramper is a gateway aggregator of legal currency and cryptocurrency, which is now integrated with BitMEX. BitMEX users can use legal currency to purchase cryptocurrency in a faster way. Through cooperation with Onramper, BitMEX supports as many legal currencies, payment methods and cryptocurrencies as possible through an API.

BitMEX and Onramper reached cooperation

The world of cryptocurrency is constantly evolving and expanding, with new innovations and updates regularly being made. One significant partnership that has made headlines recently is the collaboration between crypto derivatives exchange, BitMEX, and gateway aggregator, Onramper. This alliance aims to create a faster and more efficient method for BitMEX users to purchase cryptocurrency using legal currencies. In this article, we’ll be taking a closer look at this exciting partnership and what it means for the crypto industry overall.

What is BitMEX?

Before we delve into the BitMEX-Onramper partnership, let’s first understand what BitMEX is. In simple terms, BitMEX is a crypto derivatives exchange that allows traders to buy and sell cryptocurrency contracts. The platform was founded in 2014 with the goal of providing traders with access to cryptocurrency trading worldwide. Since then, it has grown to become one of the largest and most popular exchanges globally.

Introducing Onramper

Now, onto Onramper. As mentioned earlier, Onramper is a gateway aggregator of legal currency and cryptocurrency. Essentially, this means that Onramper helps simplify the process of purchasing cryptocurrency by acting as a middleman between various exchanges and payment methods. By doing this, Onramper allows users to seamlessly purchase cryptocurrencies in their preferred legal currency, regardless of the platform they’re purchasing the crypto from.

The Partnership between BitMEX and Onramper

So, what does this partnership between BitMEX and Onramper entail? Essentially, this partnership enables BitMEX users to purchase cryptocurrency using their preferred legal currency in a faster and more streamlined manner. This is achieved through the integration of Onramper with BitMEX, which supports numerous legal currencies and payment methods through an API.
By integrating Onramper, BitMEX users can now purchase cryptocurrency using legal currencies such as USD, EUR, JPY, and more. In addition, Onramper supports a wide range of payment methods, including bank transfers, credit and debit cards, PayPal, and more. With this integration, BitMEX has effectively expanded its scope and reach, becoming more accessible to a wider range of users worldwide.

The Benefits of the BitMEX-Onramper Partnership

There are numerous benefits to the BitMEX-Onramper partnership. One significant advantage is that BitMEX users can now purchase cryptocurrency using their preferred legal currencies without having to go through the tedious process of exchanging their currencies first. Additionally, with the wide range of payment methods that Onramper supports, users can choose the method that is most convenient for them.
Another benefit of this partnership is that it enhances BitMEX’s existing platform, making it more user-friendly and accessible. By enabling users to purchase cryptocurrency using their preferred legal currencies, BitMEX has effectively eliminated a significant barrier to entry for new users. This is a significant step towards mainstream adoption of cryptocurrency, as it allows users to purchase cryptocurrencies using familiar and convenient methods.

The Future of Cryptocurrency

The partnership between BitMEX and Onramper is just one example of how the world of cryptocurrency is constantly evolving and adapting to meet the needs of users. As mainstream adoption of cryptocurrency continues to grow, partnerships like these will become increasingly important in making cryptocurrency more accessible to a wider range of people.
In conclusion, the BitMEX-Onramper partnership is a significant development in the world of cryptocurrency. By integrating Onramper, BitMEX has effectively expanded its scope, making it easier for users to purchase cryptocurrency using their preferred legal currencies and payment methods. This is a step towards mainstream adoption of cryptocurrency, and we can expect to see more partnerships like this in the future.

FAQs

1. Can I use any legal currency to purchase cryptocurrency on BitMEX using Onramper?
Onramper supports a wide range of legal currencies, including USD, EUR, JPY, and more. However, the availability of specific legal currencies may vary depending on your location.
2. Will this partnership affect BitMEX’s existing trading fees?
No, this partnership will not affect BitMEX’s existing trading fees. Users will still be subject to the same fees and charges as before.
3. What other partnerships can we expect to see in the future of cryptocurrency?
As the world of cryptocurrency continues to evolve, we can expect to see more partnerships that aim to make cryptocurrency more accessible to a wider range of people. These may include collaborations between exchanges, payment providers, and other blockchain-based platforms.