In short

  • BitMEX liquidated XBTUSD on September 16 and closed everything on September 23

  • XBTUSD creates a perpetual swap contract, becoming over 75% of crypto trading volume in Thailand

  • Binance, Bybit, and OKX all use contracts similar to the ones developed by BitMEX

Read the original BitMEX story: BitMEX has just ended trading that forever changed the crypto industry by Lockridge Okoth at th.beincrypto.com