In short

  • BitMEX made XBTUSD on 16 September and closes completely on 23 September

  • XBTUSD created the perpetual swap, and now over 75% of crypto trading volume

  • Binance, Bybit and OKX are all running every copy of the contract that BitMEX built.

Read the original story BitMEX just ended the trade that changed crypto forever by Lockridge Okoth on no.beincrypto.com