BitMEX CEO: Traders Are not Maximizing the 100X Leverage Option

BitMEX, a popular crypto exchange platform, offers a staggering 100x leverage to its customers. However, a recent blog post published on Wednesday shows that the exchange’s users are not too keen on maximizing this option. Per the post, BitMEX’s CEO and co-founder Arthur Hayes made this revelation at the end of the research conducted on the usage of leverage. The examination focused on the average use rate of leverage on the Bitcoin-USD (BTC/USD) perpetual swap option.
In the post, Hayes reported that for the month of May, BitMEX traders proved

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