Topic: #perps-week-2026
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Perpetual Swaps: BitMEX's 2015 Innovation Dominates Crypto Trading
Perpetual swaps, which BitMEX launched in 2015, have become the dominant trading instrument in crypto, processing an estimated $40 to $50 trillion annually. The mechanism eliminates expiry dates and rolling requirements, allowing traders to hold positions indefinitely while funding rates keep prices aligned with spot markets.