BitMEX pioneered the perpetual swap and became the world's #1 crypto exchange. Used by millions, it inspired the exchanges that followed — including Bybit.

Regulators came for them, but the product outlived the backlash. Today perps are the beating heart of crypto, going legal in more countries every year (EU, Dubai VARA, HK, and more).

End of an era. Respect to the legends who built it. 🫡

@CryptoHayes @bendelo Sam Reed