BitMEX delists XBTUSD contract and will shut down on September 23
- —XBTUSD launched on May 13, 2016 and traded for more than 10 years
- —Leverage reached 100x at launch and up to 250x in April 2024
- —Perpetual contracts account for over 75% of crypto trading volume
- —Kalshi has filed to offer perpetual futures on stock indexes
Why it matters: BitMEX's exit closes the era of the first major perpetuals market, but the contract model itself continues to spread to traditional markets.
Source: BeInCrypto DE