Genesis Trading Volume Grew by 50% Over the Year

As reported, in 2018, the volume of OTC transactions on Genesis increased by 50%
11 January 2019   394

According to representatives of the New York over-the-counter trader Genesis Global Trading, despite the long bear market, the company "has grown significantly." This is reported by The Block.

The letter to customers states that in 2018, the volume of OTC transactions on Genesis increased by 50%. In addition, in less than a year, the volume of cryptocurrency loans issued to institutional clients amounted to $ 1 billion.

Genesis Global Trading is a SEC and FINRA registered broker and is part of the business empire of Barry Silbert and his Digital Currency Group. Last May, it received a BitLicense, which allows it to operate in New York State.

The company began issuing loans in Bitcoin, Ethereum, XRP, Bitcoin Cash and other currencies in March last year. Borrowers, which include hedge funds and other financial institutions, use these funds to play to lower the price of digital currencies, as well as to hedge investment positions.

BitMEX to Include Kraken Quotes for Indices & Contracts

Adding Kraken quotes was the result of changes that the market data processor underwent - instead of the REST API, now Kraken Websocket API is used
20 May 2019   91

The BitMEX Cryptocurrency Derivatives Exchange reported that on May 22, Kraken would again include Bitcoin and Altcoin quotes used to calculate the prices of the proposed instruments.

As stated on the BitMEX website, adding Kraken quotes was the result of changes that the market data processor underwent - instead of the REST API, the proposed Kraken Websocket API will now be used.

Affected Indices And Respective Contracts at Kraken
Affected Indices And Respective Contracts at Kraken

At the moment, the Bitcoin price index on BitMEX is half of the Bitstamp data, half of the Coinbase Pro data. Such a “centralization” led last week to the fact that after an unknown trader realized the sale of 5,000 BTC at $ 6,200 at Bitstamp, a large number of long positions were automatically eliminated at BitMEX.

Earlier in May, Kraken was named the most transparent exchange with real trading volume, data on which is 99% consistent with the information provided by the site.