Hong Kong-based trading platform Bitcoin Mercantile Exchange (BitMEX) has revealed it traded over 1 million Bitcoin in the 24 hours through July 24.
‘Astronomical Surge’ In Volume
As Bitcoin prices continue to hover above $ 8000, major exchanges have handled daily volumes exceeding $ 5 billion this week. For a single venue, however, BitMEX claims it has broken an industry record.
“The astronomical surge in trading volume, coupled with the steadily rising price of bitcoin, is reflective of the market’s increasingly sophisticated understanding of the potential of bitcoin to redefine global markets,” CEO Arthur Hayes said in a press release.