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
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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.

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.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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