BitMEX cryptocurrency trading platform witnessed high volumes across its operations as bitcoin (BTC) hit $13,000. The company reported the figures via microblogging platform, Twitter.
On Wednesday, BitMEX, which is the world’s single biggest bitcoin derivatives provider, reported more than $1 billion of open interest on the market which suddenly rose to $13 billion before resting on $16 billion.
BitMEX’s successes trails from records across bitcoin trading with bitcoin futures provider CME Group similarly reporting all-time high volume in June and May 2019.
Analysts are divided over which investor segment, retail or institutional, is propelling the current bull market while Arthur Hayes is getting ready to defend the newly-bullish bitcoin against one of its arch rivals.