October 3, 2019, 7:00AM EDT
• 1 min read

A look at BitMEX futures volume

Quick Take

  • BitMEX, the market leader in bitcoin futures, has so far experienced a 14% increase in average monthly perpetual contract volumes this year
  • However, perpetual contract volumes have declined 44% since June, a similar trend seen in the spot markets
  • BitMEX’s XBTUSD open interest declined from $1 billion last month to nearly $770 million, mostly due to the $600 million in liquidations that occurred last Tuesday
  • Despite that occurrence, total liquidations in 3Q19 were still 8% lower than 2Q19

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