Fiat-to-crypto exchange BitMEX broke the one-million-BTC record yet again
Although Bitcoin is experiencing a rather harsh bear market, an incredible amount of it was traded through BitMEX. The number of coins flowing through its systems was in fact so high that on Wednesday it broke the previous one-million-BTC barrier that had set the record for Bitcoin trading volumes in a 24-hour period. “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 of 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,” said CEO Arthur Hayes. He added that the company has made “great strides” in offering a significant amount of derivative instruments based on cryptocurrencies, which may be a reason why the exchange is experiencing such a wild level of success.
About BitMEX: BitMex is a Peer-to-Peer Trading Platform that offers leveraged contracts that are bought and sold in Bitcoin. BitMEX offers perpetual contracts on bitcoin futures and swaps and also many different fixed-date expiries. The highest leverage BitMEX offers is up to 100x leverage.
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