As the demand for cryptocurrencies continues to peak with new investment options surfacing every day, crypto exchanges continue to expand and present new ways for investors to access these platforms. In a similar fashion, popular crypto derivatives platform BitMEX has now launched a mobile application to make it easier for its customers to access all the features of the platform on their mobile phones.
On September 1, the Seychelles-registered company officially started rolling out its first mobile application after an 18-month trial amongst traders located in 18 countries.
The app can is available for both Android and Ios powered devices and can be downloaded from their respective app stores. As of now, BitMEX mobile is available in 140 countries around the world.
According to Ben Radclyffe, commercial director of 100x Group—the holding company for the BitMEX platform:
“Our global audience, many of them are mobile first, so having an innate mobile application that allows them to access our product and our services should help increase our user base.”
The app provides users with sex new features and implements the same security measures used in the web platform including biometric security and fingerprint unlocks.
Among the new features, users get access to an intuitive order builder that allows the quick creation of limits, stops, and take profit orders. Users can also swipe on any page to manage their open positions, and deposits and withdrawals are also made possible via the app.
Furthermore, the app also displays real-time market data along with push notifications that inform users about deposits pending, deposit confirmation, liquidation, and auto-deleverages and liquidations.
Radclyffe also noted that the app’s charting software was developed in-house to make it similar to the web version.
“We went with building it ourselves as much as possible to maintain that consistent experience,” he said.
However, not all features of BitMEX’s web version will be available as of now, according to Radclyffe. For instance, the popular chatbox feature will be implemented in another phase of the app’s rollout.
“If you’ve ever tried using any of these platforms through a Chrome browser on a tiny screen, it’s a slightly degraded experience as you can imagine,” Radclyffe added.
He also noted that the launch comes prior to some new contract launches and a trading tournament that will be held later this year.The new launch comes days after the Ontario Securities Commission (OSC) imposed restrictions on BitMEX that saw the platform block all Ontario-based users.
