Bitcoin (BTC) Trading Volume Breaks over the One Million Hurdle On BitMEX

On Wednesday this week, BitMEX – a peer-to-peer digital currency trading platform – announced that it had broken over the one million barrier in terms of Bitcoin (BTC) daily trading volume on their platform of the second time. This makes it the largest transaction in the digital currency space this month, and the exact number of BTC transactions amounted to 1,027,214.

The Competitors of BitMEX

The total Bitcoin (BTC) traded volume on its nearest rivalry, Binance summed up to 212,672 while the total trading volume of Bitcoin (BTC) on CoinEx was only 51,916. The achievement of the trading platform has caused a stir in the crypto space because the exchange had exceeded this level just two weeks ago.

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That initial twenty-four hours trading volume also saw the digital currency broke over the $8k level which paved the way for other digital currencies in the market to enjoy an upside trend. The Bitcoin (BTC) sale on the 24th of July saw the total value of Bitcoin (BTC) traded on the exchange exceed $8 billion.

Although the trading platform was super excited about this achievement, users of the exchange didn’t share the same emotion. There are also lots of complaints regarding the congestion of the platform during peak hours. These feelings were reflected by their users on Twitter.

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BitMEX Market Maker

The digital currency exchange has created its own version of LIquidbot – a Python-based software that is used to analyze real-time trade. Traders are allowed to quote continuous two-sided markets with the BitMEX Market Maker.

Bitcoin (BTC) Price Today – BTC / USD

Name Price24H (%)
Bitcoin (BTC)
$6,359.17
-2.44%

At the time of writing, Bitcoin (BTC) is trading at $6,480 after amassing gains of about 2 percent over the past twenty-four hours. The current market cap of the digital currency is $111.24 billion and its trading volume over the past twenty-four hours is $4.30 billion.


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