‘Welcome to the 2019 Bull Market’ - BitMEX Trades Record $16 Billion in One Day
Trading reached $16 billion across the platform for the first time as bitcoin passed $13,000.
On Wednesday, BitMEX, which is the world’s single biggest bitcoin derivatives provider, reported more than $1 billion of open interest on the market. Trading topped $13 billion, with the number topping $16 billion across the platform’s product range.
“XBTUSD perp swap open interest is now in the 3 comma club. Welcome to the 2019 bull fucking market YeeHaw!” he excitedly summarized.
While analysts remain divided over which investor segment - retail or institutional - is propelling the current bull market, Hayes is gearing up to defend the newly-bullish bitcoin against one of its arch rivals.
Long a thorn in the side of many an industry business, Roubini’s ongoing Twitter rants have now become a talking point of BitMEX’s own publicity material.
“Yet, (Roubini) still believes that cryptocurrencies are a farce,” the tweet containing the trading figures added.