Arthur Hayes' BitMEX Is Shutting Down: End of the Perp Era

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BitMEX, the exchange that invented the perpetual future, is finally shutting down.⁣ ⁣ “Perp ground zero.” A lot of traders have fond memories of getting liquidated there.⁣ ⁣ The infamous outages: massive volatility hits, BitMEX short circuits, and “when it came back on, your position was wiped out.”⁣ ⁣ Arthur Hayes got hit with a Bank Secrecy Act prosecution, even house arrest, before getting pardoned.⁣ ⁣ “Not enough to sort of save BitMEX.”⁣ ⁣ Perps 1.0 is dead. dYdX, Binance, FTX, Bybit, and now Hyperliquid picked up the baton.🎬⁣ ⁣ #Bitmex #ArthurHayes #Crypto #Perpetuals #Hyperliquid #CryptoNews #BTC #Web3 #Bankless