BitMEX Reveals $1 Trillion Crypto Volume Milestone, Plans to Roll Out Bitcoin Bonds
BitMEX CEO Arthur Hayes says his exchange is rolling out new Bitcoin bonds. BitMEX is already known for its perpetual swaps, which Hayes says are the exchange’s most popular product with BitMEX moving a trillion dollars in volume in the last year.
— Arthur Hayes (@CryptoHayes) June 29, 2019
In an interview with Bloomberg, Hayes outlines BitMEX’s plan for its new Bitcoin bond.
“Something that we’re really keen on working on is fixed income. So in the next few weeks we’ll be revealing that we have launched the first Bitcoin zero coupon bond in the form of an ISDA loan, with a few counterparties that we’ve 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.”
The BitMEX CEO also suggests Bitcoin’s resurgence is just getting started.
“I think this is still a retail-led phenomenon. The sentiment is back. There’s been positive developments. You have the Facebook Libra stablecoin, which some people think will bring a few billion people into this digital payments ecosystem.”
According to Hayes, Libra is on track to “destroy commercial and central banks.”