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@IamNomad

ive noticed this too, which is strange given the industry-lowest fees of -3bp maker, +3.5 taker for top volume traders

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One thing worth noting is that the later a product launches, it's harder to gain traction. HBDM launched before the new wave of derivatives, and so had a much easier time than Huobi perps.

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and

it was tempting to blame Bitfinex futures failure on the USDT-based products or KYC requirerment but i think there are other issues at play

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and

yeah TBH I'm a bit confused by BFX, I would have guessed their futures would have more volume. I think one factor might be that their spot exchange is already the best spot margin trading venue and so that reduced the demand for futures from their customers.

10:20 PM · Apr 1, 2020Twitter Web App

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Keeping their exchange free of degens so they can more easily track what the degens are doing on other exchanges