In the recent past, BitMEX had hit a daily turnover of 1 million BTC! as they announced the launch of two derivatives products, namely, ETHUSD perpetual swaps and UPs & DOWNs to meet market demand on the back of the above-mentioned sensational news.
Perpetual Swaps (a derivative product) that were originally introduced by Bitmex, have been instrumental for trading like Future contracts but without any expiry or settlement.
For now, they came up with BitMEX’s Insurance Fund comprised of 21,350 BTC (worth $75.9 million). From the recent past, this prodigious fund has been accumulating amid the serious slumps of Bitcoin price from $8.5k to $3.5k.
The fund comprising just over 2700 BTCs worth just $9.6 million) as on 1st January, 2018, has now grown up to worth $75.9 million with 21,350 BTCs, as per the BitMEX’s database.
Recently, BitMex has moved into the superior office space which happens to be the most expensive, situated in Hong Kong.
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -134 levels (which is bearish), while hourly USD spot index was at -26 (bearish) while articulating (at 06:41 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex


S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Stock Futures Dip as Investors Await Key Payrolls Data
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Wall Street Analysts Weigh in on Latest NFP Data
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
BTC Flat at $89,300 Despite $1.02B ETF Exodus — Buy the Dip Toward $107K? 



