Open interest in XBT/USD on BitMEX has crashed by over 50 percent from 115,000 BTC to 55,000 BTC over the past 12 days.
Traditional markets continue to struggle during the coronavirus crisis while cryptocurrencies are seeing an upswing.
Prices in the crypto market are seeing such a steep upward trend that arbitrage traders are able to trade between exchanges to easily capture profit.
As institutions unload bitcoin, crypto’s traditional base – retail investors – is doing most of the buying, market participants said.
A longtime feature of stock exchanges, circuit breakers throw sand in the gears of a plummeting market like last week’s. Should crypto adopt them?
Bitcoin suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies.
Bitcoin’s flash crash on Thursday triggered the most long-short liquidations on crypto derivatives exchange BitMEX in 16 months.
The traditional markets' recent sell-off drove cryptocurrency prices down, but the way it did so was more complicated than even many of the most sophisticated players in crypto were able to grasp.
The price of bitcoin dropped sharply over the past 24 hours as a confluence of events has led to traders hitting the sell button.
The Financial Conduct Authority said BitMEX had been targeting U.K. consumers without approval.
The crypto markets were shaken Wednesday amid a flurry of selling that saw more than $190 million worth of longs and shorts liquidated on BitMEX.
XRP, the native asset of San Francisco-based Ripple’s XRP Ledger, saw a flash crash on Hong Kong-based derivatives exchange BitMEX on Thursday.
As ether’s price rose to seven-month highs on Wednesday, the aggregate daily volume in ether futures exceeded $4.5 billion for the first time since June 27, 2019.
BitMEX is releasing an XRP-U.S. dollar quanto swap targeted at crypto’s budding derivatives market.
Crypto perpetuals exchange Blade will be introducing zero-fee trading next month in a bid to gain market share from rivals.