Express

BitMEX’s Bitcoin Futures Annexed by Binance After Black Thursday Slump

Dawn Wu

Summary: In BitMEX’s Bitcoin futures market share of open interest and volume, the former front-runner is now losing its share to Binance, according to data on Coin Metrics.

In BitMEX’s Bitcoin futures market share of open interest and volume, the former front-runner is now losing its share to Binance, according to data on Coin Metrics. After the crypto Black Thursday crash on March 12, when Bitcoin price almost dropped in half on BitMEX, the leading cryptocurrency exchange and trading platform, has been struggling to recover its lost 10% of market share within a month. 

Binance now reports $2.8 billion in 24-hour Bitcoin futures volumes while BitMEX’s has sunk to $2.1 billion, CoinTelegraph reports.

On March 12, crypto-asset plummeted with global markets of stocks, gold, and oil.

By Dawn Wu

(Image from flicker.com by Marco Verch)

Last Update:

Tags: ,,
Link: BitMEX’s Bitcoin Futures Annexed by Binance After Black Thursday Slump   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 8 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 9 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago

    • You need to login to comment.