Data released by analyst Joe McCann shows that BitMEX has lost its position as the top crypto derivatives platform. The reported volume of BitMEX derivatives exceeded those traded on Binance, OKEx and Huobi Global.
On March 29, BitMEX recorded $ 1.46 billion worth of transactions in 24 hours. By comparison, Huobi reported a volume of $ 2 billion – a difference of nearly 37%.
The evolution was corroborated by the data published by TokenAnalyst, which shows that in the last two weeks, Bitcoin has withdrawn more than it was deposited on BitMEX. This situation is largely due to the problems that BitMEX had on March 12, when the crypto market registered a flash crash.
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