The P2P trading platform which is known for offering leveraged contracts that are bought and sold in Bitcoin, recently traded close to 1 million XBT over the course of 24 hours. The volume summed up to more than $8 billion which is an industry record.
The company even tweeted about the recent news:
A new BitMEX (and industry) record: 1,000,000 XBT (> $8BN) traded in the last 24 hours!
— BitMEX (@BitMEXdotcom) July 25, 2018
The BitMEX platform offers a variety of contracts such as perpetual ones and contracts with fixed date expiries, thanking its users and congratulating its engineers for delivering the capacity to make this trade amount possible.
The co-founder and CEO of BitMEX predicted that Bitcoin will reach $50,000 by the end of 2018, even though he expects more volatility after the end of summer. During the summer price surge, everyone expects the major cryptocurrency to surge even more – with innovations emerging in Bitcoin trading.
One pair of institutional investors even completed the first-ever exchange for physical (EFP) transactions for Bitcoin futures, naming it E, D & F Capital Markets, while itBit had two institutional traders in CME’s bitcoin futures market swapping a position for an equivalent quantity of the ‘physical’ asset.
Meanwhile, the CBOE futures exchange filed for a Bitcoin ETF with the US Securities and Exchange Commission that would allow investors in the public market to trade Bitcoin.
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