As of 20 March at 04:00 UTC, XRP (Ripple) and ATOM (Cosmos) are live on BitMEX spot, allowing users to deposit, convert, and trade the tokens on BitMEX.
Trading for XRP went live here and trading for ATOM went live here.
To know more about the new listings and what it means for our users, read on.
If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users- you can register here.
Support for XRP and ATOM Conversions, Deposits, and Trades
With new support for the two cryptocurrencies – XRP and ATOM – BitMEX Mobile and Web users can now:
- Trade XRP_USDT and ATOM_USDT on BitMEX Spot via the open order book.
- Convert XRP and ATOM to USDC, USDT, and 30+ cryptocurrencies with no fees nor any need to worry about slippage.
- Deposit and withdraw XRP and ATOM through their BitMEX Wallet.
The number of networks supported by BitMEX will also grow to include the Bitcoin, Ethereum, Tron, Solana, Binance Smart Chain, Near Protocol, Avalanche, Cardano, Polkadot, Tezos, Doge, Bitcoin Cash, Litecoin, XRP, and Cosmos chains.
What is XRP (Ripple)?
XRP is the token of the XRP Ledger – a blockchain-based digital payment network and protocol, regarded as a faster, more energy-efficient alternative to the Bitcoin blockchain. Over mining, Ripple uses a consensus mechanism to confirm transactions.
The Ledger presents a wide variety of applications and use cases related to payments including micropayments, DeFi, and NFTs. Since 2012, it has supported enterprises and Python, Java and JavaScript developers with powerful utility and flexibility.
You can trade XRP_USDT here. On top of the new Spot listing, you can also trade XRP via two perpetual swaps – XRPUSD and XRPUSDT.
What is ATOM (Cosmos)?
ATOM is the native token of the Cosmos Hub – the first blockchain to be established on the Cosmos network – a project intended to solve some of the hardest problems facing the blockchain industry.
It is intended for Cosmos, to offer an ecosystem of connected blockchains, and to be seen as a solution to other proof-of-work protocols considered slow, expensive, environmentally harmful, and unable to scale.
Cosmos Hub was created to serve as a bridge between all the blockchains formed on the Cosmos network, which are known as “zones”. The Cosmos Hub validators are responsible for maintaining consensus across all zones, and earn fees for doing so.
It is ATOM that is used to pay these fees.
You can trade ATOM_USDT here.
As always, stay tuned for our upcoming listings ranging from futures, perpetual swaps, Pre-Launch futures, and more.
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In the meantime, if you have any questions please contact Support who are available 24/7.