How did the founder of BitMEX revolutionize the cryptocurrency exchange industry?

3 answers

• Dec 27, 2021 · 3 years ago
  The founder of BitMEX, Arthur Hayes, revolutionized the cryptocurrency exchange industry by introducing a new type of trading instrument called perpetual contracts. These contracts allow traders to speculate on the price of cryptocurrencies without actually owning the underlying asset. This innovation opened up new opportunities for traders and increased liquidity in the market. Additionally, BitMEX was one of the first exchanges to offer leverage trading, allowing traders to amplify their potential profits. This combination of perpetual contracts and leverage trading made BitMEX a popular choice among cryptocurrency traders.
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• Dec 27, 2021 · 3 years ago
  Arthur Hayes, the mastermind behind BitMEX, completely transformed the cryptocurrency exchange industry with his introduction of the perpetual contract. This groundbreaking trading instrument allowed traders to profit from the price movements of cryptocurrencies without actually owning them. It eliminated the need for physical delivery and settlement, making trading more efficient and accessible to a wider range of participants. BitMEX's perpetual contracts quickly gained popularity and set a new standard in the industry.
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• Dec 27, 2021 · 3 years ago
  BitMEX, under the leadership of its founder Arthur Hayes, brought a wave of innovation to the cryptocurrency exchange industry. One of the key contributions was the introduction of perpetual contracts, which revolutionized the way traders could speculate on the price of cryptocurrencies. These contracts allowed traders to take long or short positions on cryptocurrencies without an expiration date, providing more flexibility and opportunities for profit. BitMEX's innovative approach attracted a large number of traders and propelled the exchange to become one of the most influential players in the industry.
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