Bitcoin Derivatives Market Today: 9 November 2019
CoinGecko has started tracking the cryptocurrency derivatives market!
Below is a snapshot of stats that we are observing right now for Bitcoin perpetual contracts.
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.
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.
Saw you guys present at steemfest, and felt obliged to follow and support your efforts. Just extending a message of support :) cheers!
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
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
Dear @coingecko
Would you mind if I take few minutes of your time?
Together with few core members of project.hope team - we'te trying to promote our recent publication: an article explaining economy behind our non-profit community project build on STEEM blockchain.
Perhaps I could ask you to spare few minutes and check it out and share your feedback with me.
I would absolutely appreciate it a lot. I read all comments and I drop solid upvote on each valuable one.
Link: https://steemit.com/hive-175254/@project.hope/3-ways-of-joining-our-efforts-project-hope-economy-explained
ps.2.
HAPPY NEW YEAR :) Hopefully 2020 won't be as scary as many expert are predicting.
Cheers,
@crypto.piotr
KuMEX is also a derivatives trading platform, you might wanna look into it and maybe have some trackings on it too. Its actually a really good platform even recently added dutch language. https://www.kucoin.com/news/en-kumex-is-now-available-in-dutch/?utm_source=tftj
We are also tracking KuMex on our pages at
https://www.coingecko.com/en/exchanges/kumex