BitMEX Keeps Hoarding Bitcoin, Revenues Keep Peaking

BitMEX remains an unstoppable force in the Bitcoin and crypto space, a top choice amongst traders looking for futures market operators.

BitMEX Keeps Attracting Bitcoin Deposits

BitMEX keeps adding both traders and Bitcoin to its balance. The exchange, which faced competition from various futures markets such as OKEx, CME, and Bakkt, remains the top driver of BTC price action and discovery.

More than 30,000 BTC have flowed into the BitMEX wallet from the start of 2020. Recent reports show interest in the exchange is not waning, despite massive liquidations during unexpected Bitcoin price moves. The result is an estimated $1.25 million in revenues per day.

Despite recent competition from new exchanges and a changing regulatory environment, #BitMEX keeps pushing along $BTC wallet balance is up ~30K YTD 📈
Avg. Daily Volume for 2020 is ~$2.69B 🐂
Conservative revenues for 2020 are $1.25M day 💸

Chart – https://t.co/L4DYwcvFf9 pic.twitter.com/7mAt0ycYse

— Jai (@jai_prasad17)