BitMEX annual notional trading volume is $1 tTrillion
For more latest news update on Cryppcurrency Bitcoin & free Crypto trading signal on telegram join below given Telegram channel Join- https://t.me/btctradingclub A recent report on BitMEX claimed that the exchange's annual notional trading volume is $1 trillion. According to Twitter user Nic Carter, this indicates the importance of leverage in the crypto market. Leveraging, where funds are borrowed to essentially bet on the price of an asset, is a major part of crypto trading that often goes under the radar when volumes are calculated. The notional trading volume of BitMEX takes into account the value of leverage, as well as the real value that is flowing through the exchange. This gives a clearer picture of how BitMEX operates and the amount of money to be made by centralized crypto exchanges. Carter points out that, according to these figures, one of the major uses of Bitcoin (BTC) is to settle bets on the price of BTC. He also claims that BitMEX is an exchange...