Bit.com Monthly Review—August 2020
Bit.com Monthly Review is a monthly recap covering all activities, from Trading Updates and Partnership, Media Coverage, Community to Product Special Offers of Bit.com during the previous month. It aims to keep you abreast of our latest development.
This very first episode covers 3 August to 2 September 2020 period. Since the debut on 3 August, Bit.com has shown very strong momentum in terms of trading volume and building partnerships.
We are grateful for the trust and support of our customers and partners. We will continue to deliver value and build liquidity in the crypto derivatives market.
❖ During the first month (03/08/2020–02/09/2020), the total trading volume on Bit.com was $131 million USD on BTC perpetual swap and $230 million USD on BTC options.
❖ BTC Perpetual: Launched on 3 August, Bit.com perpetual contract has hit a record high on August 27, 24 hours trading volume exceeded $20 million USD.
❖ BTC Option: Since the launch on 17 August, options 24 hours volume on Bit.com surpassed $22 million USD on 19th August. The average volume traded in August put us as the 2nd largest BTC option trading venue in the world.
（BTC options trading volume in the last 7 days, skew)
(BTC options-Volumes（Prev.day) ,skew)
❖ Users of Bit.com can view trading volume on Skew, a leading provider of professional cryptocurrency market data analytics.
❖ On 15 August, Bit.com completed integration with the world’s leading OTC communication & block-trading solution provider Paradigm. As part of the partnership, a few benefits are now available to traders: Zero Block Fees and Multi-leg Structure Discounts (check details).
❖ On 17 Augst, Bit.com completed integration with leading trading solution provider Actant (full Announcement) and became the latest market Actant connects to. All Actant users can trade on Bit.com via Actant and manage all their portfolios in one place. The partnership will help accelerate the pace of adoption and provide another attractive liquid venue for professional derivatives traders who would like to participate in the exponential growth of the crypto derivatives market.
(the news was originally covered by the Block and was widely shared in other crypto media)
Bit.com hosted its first offline event in Taiwan on 27 August and it was a huge success. Daniel Yan, COO of Bit.com, and Leslie Hsu, Director of Business Development shared the vision, current achievement and latest progress of Bit.com. A good mix of guests participated in the event, which includes our partner Kronos, top Taiwanese media, crypto traders and traditional financial professionals, KOLs and university representatives (such as National Taiwan University, National Chengchi University, Taiwan University of Science and Technology). We ended the event by announcing our Taiwan Community Manager and Bit.com Ambassador recruitment program. We look forward to building deeper roots in Taiwan and recruit talent in this market.
(Bit.com Meetup in Taiwan)
Meanwhile, Bit.com online communities are also growing exponentially and have seen 2000 aggregate joiners within the first month. Our English, Chinese, Taiwanese and Russian communities are thriving. Join our local community to hear more insights, market analysis and updates.
You can get up to USD8 worth of trial money vouchers now at Bit.com. Claim your vouchers by following the instructions stated on Bit.com Reward Center page!
That’s a wrap-up for the month. To get the latest updates and offers, you may follow us on Twitter, Medium, or join our official Bit.com Telegram Group. Thank you again for choosing Bit.com for superior trading experience. Stay in touch!
Bit.com is a secure and high-performance derivative exchange launched by Matrixport, an integrated financial services firm and household name in crypto. Bit.com is incorporated in Seychelles. Established in February 2019, Matrixport was a spinoff from Bitmain Technologies, the world’s largest cryptocurrency mining equipment producer, and is backed by a league of top tier investors such as Jihan Wu, John Ge, Standard Crypto, IDG Capital, Lightspeed Venture Partners, Polychain, Dragonfly Capital, and Paradigm.
Bit.com was built with institutional-grade security and risk management features to ensure a superior trading experience leveraging best-in-class liquidity.