A Launch of BCHUSD Perpetual Swap Contract by BitMEX Did Not Save It From the Fall

The CEO of the BitMEX bitcoin derivatives exchange, Arthur Hayes, has chosen another object for his ambiguous criticism - Bitcoin Cash.

Image source: unsplash.com

The general director of the BitMEX bitcoin derivatives exchange, Arthur Hayes, has chosen another object for his ambiguous criticism. Bitcoin Cash (BCH) has become a new 'shitcoin' according to his own words.

Image source: Twitter @CryptoHayes

He stood against the news of launching by BitMEX BCHUSD perpetual swap contract.

The contract has a commission of maker of -0.025% and a commission of taker of 0.075%, with a basic initial charge of 4%, and a service charge of 2%. The contract has a fixed bitcoin multiplier, which is independent of the price of Bitcoin Cash in the US Dollar.

Image source: TradingView BCH

Meanwhile, the rate of Bitcoin Cash (BCH) has declined since yesterday and now makes up $235.61.

#BCH #Arthur Hayes #BitMEX

Usman Salis E-mail

Usman has been in the blockchain space for 9 years and written dozens of articles about crypto in his career. He wants to put crypto on the global map.