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BitMEX Ends Year With Additional 13K BTC in Its Insurance Fund, Up 61%

Published 12/31/2019, 03:58 AM
Updated 12/31/2019, 05:41 AM
BitMEX Ends Year With Additional 13K BTC in Its Insurance Fund, Up 61%
BTC/USD
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The BitMEX Insurance Fund has added nearly 13,000 BTC in 2019, reaching a total of just over 33,491 BTC as of Dec. 30. This is equivalent to 0.19% of the total Bitcoin in circulation, based on the data available at Blockchain.com.

The fund, which the cryptocurrency exchange set up to ensure that liquidation orders related to leveraged positions are filled, ended 2018 with almost 20,800 BTC. This means that the fund has seen a 61% increase since the start of 2019.

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