Bitcoin Derivatives Market Today: 9 November 2019

28일 전

CoinGecko has started tracking the cryptocurrency derivatives market!
Below is a snapshot of stats that we are observing right now for Bitcoin perpetual contracts.

bitcoin-futures-open-interest-coingecko.png

Bitmex leads the total number of open contracts among all perpetual contracts market worth $800 million in the last 24 hours, followed by Bybit, Okex Swap, and Deribit.

bitcoin-perpetual-open-interest-coingecko.png

In terms of trading volume, Bitmex also takes the lead with over $3 billion last traded. Binance Futures reported approximately $1.3 billion of trading volume as well.

We are seeing that the derivative market will continue to further expand in 2020 relative to the spot market.

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Saw you guys present at steemfest, and felt obliged to follow and support your efforts. Just extending a message of support :) cheers!

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Cheers! Thank you and appreciate your support! Feel free to reach out to us anytime!

Hi @coingecko

Very interesting your publication however, personally called my attention the name of the company, BitMEX at first separate words in Bit I assumed the meaning of Bitcoin and then MEX thought due to my ignorance that it was a Mexican company.

But I could not be left with the doubt so I investigated, I visited the page https://www.bitmex.com/ and I saw this message in the lower left corner.

BitMEX and the mobile apps issued under BMEX are wholly owned and operated by HDR Global Trading Limited, a Republic of Seychelles incorporated entity or its relevant authorised affiliates.
Cryptocurrency charts by TradingView.

The investigate Republic of Seychelles, I am very surprised that the geographical address of Republic of Seychelles is an archipelago of 115 islands in the Indian Ocean, off East Africa.
That I found very interesting especially the location and that it handles a high volume.


Greetings

Lanzjoseg

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Companies can choose to incoporate in any jurisdiction they so chooses but choose to operate their offices anywhere else in the world. Many companies in the states have similar examples, feel free to check out this article

https://www.news.com.au/finance/business/why-companies-including-ge-apple-cocacola-and-more-are-incorporated-in-delaware/news-story/2514626edaafdb376e68bfe1a9a50304