The parent company of BitMEX invested in South Africa's largest Bitcoin exchange. AFP via Getty Images100x Ventures, the venture arm of the parent company of BitMEX, invested in South Africa's largest Bitcoin exchange, VALR. According to data from Skew.com, BitMEX remains as the most dominant Bitcoin futures exchange in the global market. In many countries outside of major cryptocurrency markets, there is a shortage of well-regulated and transparent Bitcoin exchanges. A stable mining industry could cause selling pressure on the cryptocurrency exchange market to gradually decline in the medium-term.

Source: Forbes July 23, 2020 16:30 UTC