Woofun AI reports that Ben Zhou, co-founder of Bybit, issued a statement acknowledging BitMEX as the originator of perpetual trading products. He noted that despite regulatory interventions against the exchange, the product category endured and evolved into a core component of the cryptocurrency industry. Zhou highlighted that perpetual contracts are now securing regulatory approvals in jurisdictions including the European Union, Dubai, and Hong Kong, marking the end of an era for the platform.