Liquidity major concern for crypto-derivatives markets, BitMEX also lists other cryptos after bitcoin and ethereum offerings

Bitcoin Mercantile Exchange has been the world's most advanced derivatives platform for bitcoin. The company renders wide ranges of services such as, commercial hedgers, bitcoin miners, and professional investors and traders the ability to mitigate the bitcoin risk harnessing the financial derivatives experience of its staff, BitMEX was formed in early 2014. 

The company's mission is to professionalize the trading of bitcoin derivatives. By offering a swift and safe, and liquid way to hedge bitcoin vs fiat currency risk, it hopes to spur bitcoin adoption by consumers and merchants. 

Arthur Hayes, CEO and Co-founder mentioned:“Once again meeting our own record of 1 million bitcoin traded within 24 hours is a major milestone for the crypto-coin market and testament to the strong community BitMEX is growing. In continuously engaging with, and truly listening to, the needs our customers, we’ve recognized an overwhelming demand for innovative financial products that give the crypto market greater versatility. 

Thanks to our discerning community that we have launched our two innovative, new products: the ETHUSD perpetual swap product and UPs and DOWNs. With futures, swaps, and now options available on BitMEX, we are making great strides toward offering a wealth of derivative products designed for the crypto-coin industry.”

While the ETHUSD perpetual swap and UPs and Downs (call and put options) have been the latest and exciting development within the territory of BitMEX and an unprecedented opportunity for the crypto community to experiment with more sophisticated financial instruments on an easy-to-use and highly secure trading application,” added Hayes.

BitMEX’s XBTUSD market is notably the most liquid in the world, boasting 1500% more bitcoin to USD liquidity than any other platform. To complement its bitcoin and Ethereum offerings, they also list futures contracts on a number of other crypto-coins, namely, Tron, Ripple, and Bitcoin Cash. 

Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at 161 levels (which is bullish), while hourly USD spot index was at 93 (bullish) while articulating at (08:12 GMT). For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex