As BitMEX Turns 10, the Market Is Still Thankful for the Perpetual Swap

Quick Summary:

BitMEX's CEO says he's OK with everyone copying the exchange's most important invention.

Sometimes it's tough to imagine where a crypto company will be in 10 years, given the speed at which the industry operates.

"The perpetual swap with the funding mechanism and the insurance fund in the background sparked the whole [futures] trading industry".

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Article Details

Author / Journalist: Sam Reynolds

Category: Crypto

Markets: United StatesCuba

Topics: Market Swap Coindesk Traders Industry Derivatives Bitmex Perpetual Lutz Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 05:02:50 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 519 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24347054

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

Year Established: 2013

Headquarters: United States

News Last Updated: 2 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #8

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