Category: BitMex

XRP Plummets 56% in One Candle, Bitmex Traders Outraged Over Flash Crash

XRP Price Brought Down 56% in One Candle, Bitmex Traders Outraged Over Flash CrashA number of XRP traders are complaining about massive liquidations on Bitmex as the price of XRP spiked and was brought down by 56% in a single candle. After the incident, well known traders with leveraged positions took to Twitter to complain about the upset as some investors were completely liquidated. Also read: Fed Chair […]

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Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges

Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto ExchangesOn January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that Coinbase now holds 1 million BTC ($8.4 billion). Crypto […]

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Demand for Crypto Derivatives Swells as CME’s Bitcoin Volume Rises

The global markets company Chicago Mercantile Exchange (CME) has seen considerable demand since launching its options contracts in the wake of the firm’s bitcoin futures. On the first day of swaps, CME’s bitcoin options saw 55 contracts ($2.3 million). By the end of the week, the firm’s bitcoin options volume more than doubled with 122 […]

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Bitcoin Futures Hit 3-Month High in Frenetic Tuesday Trading

Bitcoin Futures Hit 3-Month High in Frenetic Day for the MarketsJanuary 14 was the best trading day of the year for many cryptocurrencies, which saw double or even triple-digit percentage gains. It was also a good day for futures markets, where more than $25 billion in trades was placed on Tuesday. The result constituted the busiest day for futures in almost three months, with the […]

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Win or Lose, These Crypto Whales Share Their Trades

Win or Lose, These Crypto Whales Share Their TradesWhales are mega-rich traders who inhabit the depths of the crypto seas. Theirs is a realm of dark pools, hidden order books, OTC deals, and rich list wallet addresses. Shunning publicity in favor of pseudonymity, most whales keep their trading and personal lives separated, with only the blockchain revealing the monster sums they shuffle between […]

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Institutional and Retail Bitcoin Futures Demand Continues to Climb

Institutional and Retail Bitcoin Futures Demand Continues to Climb2019 saw significant bitcoin derivatives action from firms like CME Group and Bakkt. This year, demand for CME’s bitcoin futures remains strong and the firm’s options products may be available this week. Additionally, Bakkt’s physically-delivered bitcoin futures have consistently seen growth in daily volumes and open interest in 2020. Despite the growth, institutional futures have […]

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Bitcoin’s Next Decade Will Be Shaped by Derivatives

Bitcoin’s Next Decade Will Be Shaped by DerivativesThe last five years have been a test phase for bitcoin derivatives, which began tentatively when Bitmex eased into life in 2014. Now, as the cryptoconomy prepares to enter a new decade, derivatives products will play a pivotal role in price discovery. 2020 will be a big year for bitcoin and for the futures markets […]

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Crypto Traders Rush to Revamp Their Security After Bitmex Dox

Crypto Traders Rush to Revamp Their Security After Bitmex DoxThe world’s largest crypto derivatives exchange Bitmex has accidentally doxed tens of thousands of its users. An email newsletter concerning forthcoming updates to Bitmex indices CC’d a large proportion of the company’s mailing list, exposing the addresses of its users to the public. In a second embarrassment, Bitmex had its Twitter account hacked shortly afterward. […]

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Bakkt Announces Bitcoin Options After Record-Breaking Futures Volumes

Bakkt Announces Bitcoin Options After Record-Breaking Futures VolumesOn October 23, Bakkt’s physically-settled bitcoin futures contracts touched an all-time high with 640 BTC ($4.8 million) swapped on the exchange. Coincidentally, the futures action started after BTC prices plummeted to $7,365 across global exchanges. After the record-setting day, Bakkt CEO Kelly Loeffler revealed the trading platform will offer options on bitcoin futures this December. […]

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Appetite for Bitcoin Futures Is Growing

The Market's Appetite for Bitcoin Derivatives Is GrowingAfter all the fanfare, fevered anticipation, and breathless media coverage, Bakkt’s launch of bitcoin futures on Monday was a damp squib. Despite the rollout of physically delivered BTC futures going without a hitch, volumes were low, while the less said about bitcoin’s price in the aftermath, the better. Despite this inauspicious start, however, there is […]

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The Changing Face of Cryptocurrency Trading in 2019

The Changing Face of Cryptocurrency Trading in 2019The cryptocurrency exchange landscape has evolved significantly in 2019. The number, quality and diversity of exchanges has multiplied, giving traders an unprecedented number of venues to choose from. This smorgasbord of options risks leaving traders overwhelmed, however, as exchanges jockey for supremacy, launching new features and products designed to woo the competition and cement their […]

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Binance Adds Margin as Exchange Competition Heats Up

Binance Adds Margin as Exchange Competition Heats UpThis week, the world’s largest exchange by trading volume, Binance, launched margin trading. In doing so, it made the elite group of exchanges that offer crypto derivatives less exclusive than it once was. Binance, Kucoin, and Bitmax have all rolled out margin products this year, in a bid to give market leaders Bitmex and Deribit […]

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How to Use a Physical Security Key to Safeguard Your Exchange Account

If you are keeping funds on a cryptocurrency platform such as a centralized exchange it is highly advisable you make sure your accounts are as safe as possible. Using a physical security key can greatly help with this as well as safeguarding other private services such as email and cloud storage. Also Read: Israeli Supreme […]

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The Number of Crypto Exchanges Offering Margin Has Multiplied

Until recently, Bitmex, Deribit and a handful of established exchanges were the only places where traders could get their leverage fix. This has now changed with the emergence of dozens of exchanges offering leverage and plenty more on their way. Binance and Kucoin – two platforms famed for driving this year’s other exchange trend, the […]

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In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank Accounts

In the Daily: New Terms From Bitmex, Binance Coin Record, Malta Bank AccountsIn this edition of The Daily, Bitmex has updated its Terms of Service. The revised rules prohibit residents of certain countries, including the U.S., from trading digital assets on the platform. Also, the native token of the leading crypto exchange Binance, BNB, has hit a record price against BTC. And in Malta, companies from the […]

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CME Group’s Bitcoin Futures See a Surge of Institutional Interest

CME Group's Bitcoin Futures Sees a Surge of Institutional Interest in 2019The Chicago Mercantile Exchange (CME Group) has seen a big spike in bitcoin futures volumes according to an internal investors email sent to clients on Feb. 19. CME Group’s note explains that last Tuesday’s BTC-based futures volumes touched a new record with 18,338 contracts traded and the firm says increased volumes may be due to […]

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Newspaper Ad Seeks Donations for Bitcoin Baby’s College Fund

Newspaper Ad Seeks Donations for Bitcoin Baby’s College FundDespite being just one week old, Izabella Bowles carries great expectations upon her tiny shoulders. The baby, born on Jan. 6, will go to college when she’s older, if parents Wioletta and Peter can help it. What’s more, her future tuition fees will be paid for using what many believe to be the future of […]

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Wine Retailer to Buy Majority Stake in Japanese Bitcoin Exchange for $30M

Wine Retailer to Buy Majority Stake in Japanese Bitcoin Exchange for $30MMadison Holdings Group Ltd. has agreed to buy 67.2 percent of Japanese cryptocurrency exchange Bitocean for 1.68 billion yen ($15.12 million). Inclusive of fees, the wines and alcoholic beverages company will pay a total $30.12 million. According to local media reports, the deal is to be completed through a subsidiary, Madison Labs. Also read: Cryptocurrency Exchanges […]

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Exchange News: Coincheck Resumes All Trading, Bitmex Insurance Fund Grows

In recent crypto exchange news, Coincheck has successfully reinstated deposits and trading services for all cryptocurrencies that were live on the exchange before it was hacked in January. Bhex, an exchange founded by Huobi’s former chief technology officer, has announced that it will start operations at the end of the month, while 1,452.6 BTC was […]

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Bitfinex Introduces New Fees, Bitmex Rejects Claims It Trades Against Its Customers

Bitfinex Introduces New Fees, Bitmex Rejects Claims It Trades Against Its CustomersIn recent cryptocurrency exchange news, Bitfinex has introduced new withdrawal fees, the CEO of Bitmex has refuted accusations that the exchange’s in-house trading desk trades against its customers, and Malta-based Bistraq Exchange has commenced operations. Also Read: Stablecoins Fetch a Premium as BTC Hits Year Low  Bitfinex to Charge 3% on Frequent Withdrawals Bitfinex has introduced […]

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