Can BitMEX Guilds Revolutionize Crypto Trading?

Adekunle Joshua

BitMEX, the Seychelles-based crypto exchange, has launched Guilds, a new social trading feature in beta phase

Traders can engage with each other, exchange ideas, and share insights

Guilds will be available to all BitMEX users, allowing them to join private chat rooms and discuss trading strategies within the platform's UI

Each Guild will have a leader responsible for customization and identity

Traders with at least 10,000 BMEX staked can become leaders, while each Guild can accommodate up to 49 members

Stephan Lutz, CEO and Group CFO of BitMEX, believes Guilds will foster collaboration among the platform's community and support traders

The feature has gained significant interest with over 230 beta testers