Arthur Hayes Talks About Future Products for BitMEX (With the Biggest Smile in the Game)
BitMEX's CEO and Founder, Arthur Hayes, who operates with the biggest and widest smile in the crypto game, is now sharing how his crypto exchange is bringing new products and offers to its users to market in the near future. During his feature within the Venture Coinist podcast, he shared details about the latest gig that would allow investors to earn interest.
Hayes Talks About BitMEX Future Products
During the podcast, he stated that they are planning a new product that would allow users to earn profits by holding it. Hayes said that he wants to create a future where the “highest quality exchange” and miners are able to issue short-term Bitcoin bonds to the market.
This would be able to create a credit curve for Bitcoin and people will be able to borrow it in a very easy way. With more use cases for Bitcoin and digital asset, the whole market would be improved to a new level.
Hayes went on explaining that he fixed income markets are larger than the FX markets:
“And from a selfish perspective of BitMEX, the fixed income markets are much larger than the FX markets… so if we can start to trade interest rate derivatives on our native crypto credit curve, which is comprised of the best quality companies in the space and that’s really going to take our platform to the next level.”
At the moment, the cryptocurrency exchange market is very competitive and there are many different platforms that are trying to get a larger share of the market. With this new implementation, BitMEX wants to become the largest exchange in the whole ecosystem.
Hayes has also stated that the new product is expected to go live by summer of this year. With it, users will also be able to use Bitcoin and purchase the S6P 500 and Nasdaq’s indices using the most popular digital currency in the market.
In this way, BitMEX will be allowing the crypto and traditional markets to be connected. At the moment, both of these markets operate independently one from the other. However, this could be about to change in the near future.
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