BitMEX to Launch Zero Coupon Bitcoin Bonds, Aiming for Fixed Income, Reveals CEO Arthur Hayes


  • In the next few weeks, these zero coupon bonds will be launched
  • Meanwhile, Bitcoin surge is still a retail phenomenon, believes Crypto Hayes
  • Facebook’s Libra very “bullish” that will “destroy commercial central bank”

In the coming weeks, BitMEX is going to aim fixed income and launch zero coupon Bitcoin bonds, revealed CEO Arthur Hayes in an interview with Bloomberg during Asia Blockchain Summit in Taipei.

The derivatives trading platform whose perpetual swaps with no expiry date are its most popular products is now eyeing fixed income.

That’s right.

BitMex is ready to take another step forward as Hayes said the next target they are “very keen” on working is fixed income.

“In the next few weeks, I’ll be revealing that we have launched the first Bitcoin zero coupon bonds with a few counterparties that we identify.”

A zero-coupon bond is basically debt security that doesn't pay interest. It rather trades at a discount, rendering profit at maturing, when the bond is redeemed for its full face value.

Hayes said the idea is to start a market where people can actually earn a yield on Bitcoin by investing and loaning the BTC to some of the stable companies in the space.

It’s Still the Retail Phenomena

Apart from its upcoming product, Hayes also responded on the recent price surge that he says is a sort of a “rebound” after going from $20,000 to $3,000 over the past 18 months.

Hayes explained,

“It took us two and a half months and we went for $3,000 to $10,000. In 2017 we started off the year at $1000 and by November climbed to $10,000. So this is a high water mark for a lot of investors.”

As for what is driving this surge that this time is occurring on weekends, Hayes thinks, “it’s still a retail phenomenon.”

“The sentiment is back,” he said. This combined with the positive developments, especially Facebook’s Libra, a stablecoin which some people think will bring billion people into this payments system.

This Hayes said is “very bullish.” According to him Libra “will destroy commercial and central banks.”

Price Action & Volume Speaks for itself

With this price surge, the market gets to have a rebound, said Hayes as it took two years for people to repair their balance sheet and now we are back to trading crypto.

He further shared that there’s something going in crypto and the price action and volume speaks for it.

As for “Bitcoin market living on air,” Hayes said there’s real trading going on, illustrating one trillion US dollars traded by BitMEX over the past year and its highest 24 hours trading record of $60 billion dollars.

And this is the reason to invest in Bitcoin. Hayes explains that it’s a call option, either Bitcoin will go to zero or will be worth a lot of money in the future, so the premium essentially is just the amount of bitcoin today.

“It’s prudent for investors from a return perspective,” added Hayes.

He further stated how a wallet can move a vast amount of wealth wherever you go unlike Gold “an analog” which is very heavy to move millions of dollars worth.

“Pricing wealth must change, and (…) bitcoin could be that asset.”

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