{"id":19866,"date":"2019-07-01T21:25:57","date_gmt":"2019-07-01T21:25:57","guid":{"rendered":"http:\/\/ci027cfe77a00e2697"},"modified":"2019-07-01T21:25:57","modified_gmt":"2019-07-01T21:25:57","slug":"bitmex-ceo-touts-1-trillion-yearly-trading-volume","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/bitmex-ceo-touts-1-trillion-yearly-trading-volume","title":{"rendered":"BitMEX CEO Touts $1 Trillion Yearly Trading Volume"},"content":{"rendered":"
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On June 29, 2019, Arthur Hayes, BitMEX’s co-founder and CEO, posted a tweet<\/a> revealing that the exchange has seen over $1 trillion in trading volume over the past year.<\/p>\n

In another illustration of BitMEX\u2019s dominance, according to data<\/a> from market analysis platform Austerity Sucks, the exchange holds 53 percent of the total exchange market share, with over $7 billion in trading volume over a recent 24-hour period. <\/p>\n

HuobiDM and its $2.24 billion came in second with about 16 percent of the market share, while OKEx came in third with 12.5 percent and $1.69 billion in trading volumes over the same period. <\/p>\n

The tweet from Hayes was not only a bid to share numbers with the cryptosphere, but also to silence NYU Economist and longtime crypto-slanderer, Nouriel Roubini.<\/p>\n

Roubini has questioned the authenticity of reported cryptocurrency exchange trading volumes, citing a Bitwise<\/a> volume query report prepared for the U.S. Securities and Exchange Commission, and criticized<\/a> a BitMEX Research tweet sharing trading statistics.<\/p>\n

\u201cHow can one believe ANY of these figures when 95 percent of all bitcoin transactions on a typical exchange are fake? Fake-coins, shit-coins, fake-transactions, fake-pricing. The only true thing in crypto space is manipulation, pump n dump, front-running, wash trading, etc\u2026\u201d Roubini wrote.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency exchange CEO Arthur Hayes tweeted that BitMEX saw over $1 trillion in trading volume over the past year.<\/p>\n","protected":false},"author":3435,"featured_media":19867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[159,1536,1837,1707,1729],"class_list":{"0":"post-19866","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-arthur-hayes","9":"tag-bitmex","10":"tag-huobi","11":"tag-nouriel-roubini","12":"tag-okx"},"author_data":{"id":3435,"name":"Jimmy Aki","nicename":"jimmy-aki","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/jimmy-aki-promo-image-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/bitmex-ceo-touts-1-trillion-yearly-trading-volume.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/19866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3435"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=19866"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/19866\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/19867"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=19866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=19866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=19866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}