Open interest for Okex's quarterly contract (27 march) is over $700m Bitmex only has $260m OI for the same contract
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Replying to @loomdart
Open interest for Okex's perpetual swap is $300m. Bitmex has $1.04b for the same contract.
6 replies 4 retweets 36 likes -
Replying to @HsakaTrades
Okex has $1b total OI for bitcoin related Huobi has $750m OI for it's quarterly contract (perp-swap is in the works? not sure need clatification) Bitmex has $1.5b total OI for bitcoin related Which one do you see and hear about most on twitter relative to % of total OI?
1 reply 0 retweets 16 likes -
Replying to @loomdart
Also, max leverage. But I reckon we hear the most about Mex cause most trade on mex.
2 replies 0 retweets 10 likes -
Replying to @HsakaTrades
ooo I didn't even consider the leverage, good shout. I can't say whether this is bad or good though, as you'f experct the exchange with higher leverage to have less *natural* OI but more ability to lead markets due to more frequent liqs ---> liquidity
1 reply 0 retweets 9 likes -
Replying to @loomdart @HsakaTrades
Okex quarterlies are still the most liquid non perpetual product. Also still holds two of the largest notional liquidations in the last 3 years.
4 replies 0 retweets 10 likes -
1 reply 0 retweets 5 likes -
Replying to @HsakaTrades @loomdart
Contracts are notionally 100 dollars. Bitmex is 1 dollar.
1 reply 0 retweets 4 likes
Yes, hence making that quite the expensive liq
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