The inside story of how a hike in Hong Kong changed crypto trading forever
CoinDesk·
60-second summary
BitMEX launches the first perpetual future in 2016, revolutionizing crypto trading with its innovative product. Delo, a BitMEX representative, recalls their scrappy startup days, deciding to release the product quickly, trusting the market to validate its worth. This bold move sets the stage for a new era of crypto derivatives trading, significantly impacting market dynamics and investor strategies.
"We were a scrappy startup," Delo said of BitMEX back in 2016, when it launched the first perpetual future. "We thought, ‘Just get it out there. If it was any good, the market would show us.’"