BitMEX hits $1 trillion in volume traded over the last year

30 Jun, 2019
by Richard Allen
BitMEX hits $1 trillion in volume traded over the last year

The Bitcoin futures markets continue heating up as the apex cryptocurrency continues setting new yearly highs. So much so in fact that BiMEX has officially hit $1 trillion in volume over the last 365 days, The Block reports.

The exchange has seen just under $7 billion worth of cryptocurrency-tied futures contracts traded on the platform over the last 24 hours, bringing the total amount of trading volume to $1 trillion over the last 365 days. This has been confirmed by the exchange’s CEO, Arthur Hayes who tweeted:

According to data from Austerity Sucks, BitMEX is dominating the futures market with a 57% market share. Deribit comes in at second place with around 16% while Huobi DM has around 14%. OKEx and CME Group have around 10% and 2.5% respectively.

BitMEX’s command of the futures market may be threatened as both Binance and Bitfinex are looking at launching their own offerings.

Hayes is set to challenge notorious crypto naysayer Nouriel Roubini to a debate in Taipei on Wednesday, in what Hayes has referred to as “The Tangle in Taipei.” Additionally, in response to bitMEX’sa announcement that it had achieved $1 billion open interest on the Bitcoin perpetual swap, Roubini lashed out at the exchange saying “95% of all Bitcoin transaction on a typical exchange are fake.”

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