#BitMEX just shut its doors for good after 11 years.
The exchange, co-founded by Arthur Hayes, was one of the platforms that basically invented crypto perpetual futures as we know them. Trading and new deposits have stopped, though the company says users can still log in and withdraw during the wind-down.
Eleven years is a long life in an industry where most platforms don't survive five. Its closing isn't a collapse story, it's a reminder that even the pioneers eventually get replaced by faster, cheaper venues.
#BitMEX #CryptoNews #perpetuals #BinanceSquare
The exchange, co-founded by Arthur Hayes, was one of the platforms that basically invented crypto perpetual futures as we know them. Trading and new deposits have stopped, though the company says users can still log in and withdraw during the wind-down.
Eleven years is a long life in an industry where most platforms don't survive five. Its closing isn't a collapse story, it's a reminder that even the pioneers eventually get replaced by faster, cheaper venues.
#BitMEX #CryptoNews #perpetuals #BinanceSquare
