BitMEX Is Closing, but the Perpetual Swap Is Just Getting Started
Eight months ago, BitMEX co-founder Arthur Hayes argued that traditional exchanges would have to “adapt or die” as perpetual swaps spread beyond crypto. Now BitMEX itself is closing, while the exchanges it once challenged are beginning to adopt its defining product. On 23 September 2026, BitMEX will close the exchange that gave crypto its dominant trading instrument. The perpetual swap will outliv
Eight months ago, BitMEX co-founder Arthur Hayes argued that traditional exchanges would have to “adapt or die” as perpetual swaps spread beyond crypto. Now BitMEX itself is closing, while the exchanges it once challenged are beginning to adopt its defining product. On 23 September 2026, BitMEX will close the exchange that gave crypto its dominant trading instrument. The perpetual swap will outliv
Source: Finance Magnates