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Apr 30, 2020

BitMEX has been drastically losing market share in the last 6 months. By the end of November, BitMEX had 41.6% of the total open interest and now only less than 21%. So they lost ~50% of their market share now. Eventually if you don't innovate, you will be overtaken

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and

This is Open Interest. That can be faked too but seems kind of consustent with expectations.

might know more here

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and

Yeah it's harder to fake, though once you restrict to those exchanges most volume is real as well. I think it's a bit ambiguous what the right metric is.

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Er--I would be careful about counting the volume of a newly released product, those are often fake, but eventually the volume is generally real.

11:13 AM · Apr 30, 2020Twitter Web App

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