The daily volume of trading bitcoin derivatives on BitMEX has exceeded 1 million BTC

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Despite the bearish trend in the market the last two weeks, daily trading volume BTC-cryptocurrency derivatives exchange BitMEX second time in a month exceeded 1 million contracts.

“What recession?”, so start your press release company. Wednesday August 8 on the platform in total, there were 1 027 214,62 contract on bitcoin (worth about $6.6 billion).

“Another run of our own record of 1 million bitcoins traded within 24 hours, is an important milestone for the cryptocurrency market and a Testament to the growing power community BitMEX,” said CEO of BitMEX , Arthur Hayes (Arthur Hayes).

Partly he linked the surge in trade on the platform with the release of two new products for trading on the basis of derivatives. The first of them — permanent swap ETH/USD, which allows traders to bet on the price of Ethereum, not speaking. The second product is the UPs and DOWNs that can conclude the options to purchase and sale.

Earlier, the stock exchange crossed the mark of 1 million BTC, issued on July 24, registering as a private record, and the industry as a whole. At the time these contracts was more than $8 billion in money terms.

BitMEX is not the only platform, marking the increase in trading digital currencies and their derivatives. Earlier exchange CME and CBOE noted the steady growth of trade bitcoin futures. Record volume of trading bitcoin derivatives over the past two months have recorded the exchange LedgerX.

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