BitMEX Hits Record High Volume of $16 Billion in a Day

BitMEX the margin trading leading cryptocurrency exchange makes a new record of daily volume across all Bitcoin operations, the exchange reveals this via a tweet.

BitMEX has reported a $13 Billion volume on Bitcoin and a total of $16 Billion volume on all pairs. The figures show the interest of leverage trading among the cryptocurrency community.

After the spike of volume in the few hours, CEO Arthur Hayes said on social media that the sign of bear market is officially gone.

Hayes further added:

“XBTUSD perp swap open interest is now in the 3 comma club. Welcome to the 2019 bull fucking market YeeHaw!”

The total daily trading volume of the cryptocurrency market was made a new record of $140 Billion just after Bitcoin surpasses the $13,000 mark.

Along with BitMEX, Bitcoin future contracts provider CME Group also reported all-time high volume for this month and last.

Crypto analysts are still looking for the source of the record high daily trading volume, retail or institutional investors – who are fueling the current parabolic move.

Bakkt the long waited physical bitcoin futures contract provider will start delivering its future contracts on 22 July. This is bullish news for Bitcoin and we may see another parabolic move towards $18,000. Altcoins are struggling as Bitcoin moves up or down and will move upwards only when Bitcoin will stable in a range.

Also Read: Opera Browser Becomes the First iOS Browser with In-Built Crypto Wallet