In spite of the bearish trends that have plagued the markets over the past two weeks, Hong Kong-based cryptocurrency exchange BitMex has traded more than 1 million BTC contracts in a single day for the second time in a month. A total of 1,027,214.62 Bitcoin contracts (worth roughly $6.6 billion) were traded on Wednesday, August 8th.

A new BitMEX (and industry) record: 1,000,000 XBT (> $8BN) traded in the last 24 hours!

Time to buy the dip?

— BitMEX (@BitMEXdotcom) July 25, 2018

BitMex CEO Arthur Hayes attributed the massive uptick in trading on ... (read more)