BitMEX to launch bitcoin zero coupon bond in the ‘next few weeks’

Exchanges • July 2, 2019, 8:10AM EDT
UPDATED: July 2, 2019, 9:11AM EDT
The Block

Cryptocurrency derivatives exchange BitMEX is preparing to launch bitcoin zero coupon bond in the "next few weeks," its CEO Arthur Hayes told Bloomberg from the sidelines of the Asia Blockchain Summit in Taipei.

"Something that we're really keen on working on is fixed income. So, in the next few weeks, we will be revealing that we have the first bitcoin zero coupon bond with a few counterparties that we have identified," said Hayes.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

BitMEX wants to start a market where people can earn a yield on their bitcoin by investing and loaning it to "some of the most stable companies in the space," according to the CEO.

The exchange currently offers cryptocurrency perpetual swap products and commands a 57% market share. It also recently clocked in more than $1 trillion in trading volumes over the last 365 days.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

More by Yogita Khatri