#BitMEX Trades 1 Million Bitcoin (BTC) In A Bearish Market, Setting Industry Record Yet Again

August 10, 2018

 

For the second time in two weeks, BitMEX has hit a daily turnover of 1 Million Bitcoin (BTC). This milestone was reached on the 8th of August 2018 and during a period of uncertainty in the crypto markets due to a declining BTC value. The exact 24 hour trading volume was 1,027,214.62 Bitcoin and the last time the exchanges surpassed 1 Million was on the 25th of July this year. BitMEX CEO and Co-founder Arthur Hayes is quoted as saying the following with regards to the 1 Million BTC milestone:Once again meeting our own record of 1 million bitcoin traded within 24 hours is a major milestone for the crypto-coin market and testament to the strong community BitMEX is growing. In continuously engaging with, and truly listening to, the needs our customers, we’ve recognized an overwhelming demand for innovative financial products that give the crypto market greater versatility. It’s thanks to our discerning community that we have launched our two innovative, new products: the ETHUSD perpetual swap product and UPs and DOWNs.

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