Bitmex CEO Bakkt’s US Bitcoin Futures Margin Trading Contributes to
Bitmex CEO Arthur Hayes said he believes the Hong Kong market will be one of the largest crypto markets in the world by 2020.
Hayes made the comment during an interview with CNBC's Fast Money, when asked about the future of cryptocurrencies. Hayes explains that there are four main factors that will determine the size of a market in Hong Kong:
Interest level of retail investors;
Possibility for small investors to trade cryptocurrencies;
Regulation and new product development
Services that can make it easier for people to buy and sell cryptocurrencies
Speaking to Bloomberg, Arthur Hayes said the company's bitcoin futures product has been able to increase liquidity in the Hong Kong market. Bitmex is headquartered in the city of Zug, Switzerland.
We think it's going to get bigger and bigger as we move into 2019 and 2020. The amount of money people are going to invest in these things is going to keep growing. We have seen this with our business model. We have more orders than we can currently handle, which means we can continue to sell more contracts until there is no demand for them.