CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$26,766.00
  • ethereum
    ETH$1,595.64
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » BitMEX to Launch Bitcoin-Based Fixed Income Products Within Weeks: Arthur Hayes

    BitMEX to Launch Bitcoin-Based Fixed Income Products Within Weeks: Arthur Hayes

    Author: Felix Mollen

    Last Updated Nov 25, 2019 @ 11:58

    Arthur Hayes, CEO of BitMEX, revealed that the exchange would launch new Bitcoin-based fixed income products in a few weeks. He also shared his stance on the current performance of the leading cryptocurrency and why he thinks it’s a good investment. 

    Bitcoin-Based Fixed Income Products Coming to BitMEX

    Speaking on Bloomberg’s Daybreak Asia from the sidelines of the Asia Blockchain Summit in Taipei, Arthur Hayes, CEO of popular Bitcoin margin trading exchange BitMEX, announced exciting information regarding the platform’s future developments. 

    The executive explained that they’ve already managed to establish the BitMEX exchange as a leading provider of various cryptocurrency derivatives:

    Our most popular product is a derivative that we created, a perpetual swap. It’s essentially a leveraged derivative that doesn’t have any expiry date. This product trades about… $5 to $10 billion US dollars per day notional. It’s the most liquid trading product for crypto. We also have other altcoin products where, say, Ethereum, EOS, TRON, all these different altcoins, we allow people to trade those on leverage as well. So, we have a full product suite of these derivatives. 

    With this broad array of cryptocurrency derivatives, Hayes explained that BitMEX aims to diversify and venture into fixed income products:

    Something that we’re really keen on working on is fixed income. So, in the next few weeks, we will be revealing that we have the first Bitcoin Zero Coupon Bond with a few counterparties that we have identified, because we want to start a market where people can actually earn yield on their Bitcoin by investing and loaning Bitcoin to some of the most stable companies in the space. 

    Fixed income represents a type of investment security which pays the investor fixed interest payments until its maturity date. Perhaps one of its most popular subtypes is government and corporate bonds. 

    Hayes Thinks Retail Interest is Back in Bitcoin

    Speaking of Bitcoin’s recent volatility, Hayes said that “this is sort of a high-water mark for a lot of investors.” 

    He noted that trading volume has actually increased during weekends. This, according to the CEO, signals that positive sentiment is back:

    I think it’s still a retail-lit phenomenon. The sentiment is back. There have been positive developments. You have the Facebook Libra, a stable coin that some people believe will bring a few billion people into this digital payments ecosystem. That’s very bullish.

    He also noted that it took people two years to clean out their balance sheets and that they are now back trading cryptocurrencies. 

    It’s also worth noting that Bitcoin has since plunged in price, dropping below $10,000. At the time of writing, however, BTC was trading at around $10,210, marking a 7.5% decrease on the day. 

     

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

    Tags: Arthur Hayes BitMEX
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Felix Mollen
    More posts by this author

    Felix got into Bitcoin back in 2014, but his interest quickly expanded to everything blockchain-related. He's particularly excited about real-world applications of blockchain technology. Having worked as a professional content writer for three years before that, Felix transitioned to working on blockchain-centered projects and hasn't looked back ever since.

  • bitcoin
    BTC$26,766.00
  • ethereum
    ETH$1,595.64
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Deep Dive into Ethereum: What Changed A Year Post-Merge?

    Deep Dive into Ethereum: What Changed A Year Post-Merge?

    The Reports of Friend.tech Death Have Been Greatly Exaggerated (Opinion)

    The Reports of Friend.tech Death Have Been Greatly Exaggerated (Opinion)

    Exploring PayPal’s Foray into Cryptocurrency: A Game-Changer in Digital Finance

    Exploring PayPal’s Foray into Cryptocurrency: A Game-Changer in Digital Finance

    DeFi Without Native Rights Is Dead

    DeFi Without Native Rights Is Dead

    How Does the Shiba Inu (SHIB) Burn Work: Everything You Need to Know

    How Does the Shiba Inu (SHIB) Burn Work: Everything You Need to Know

    Crypto Will Go Away If There’s No Privacy: Interview With Anoma and Namada’s Adrian Brink

    Crypto Will Go Away If There’s No Privacy: Interview With Anoma and Namada’s Adrian Brink

    What Is Shibarium? Everything You Need to Know About Shiba Inu’s Blockchain

    What Is Shibarium? Everything You Need to Know About Shiba Inu’s Blockchain

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!