BitMEX CEO Stephan Lutz is open to competitors copying the crypto exchange's invention of the perpetual swap, as it benefits the market. The perpetual swap, which eliminates expiration and mirrors margin trading, is a fundamental innovation in crypto trading that addresses challenges in the early market structure. It allows for quick reactions to developments in the fast-paced crypto industry. Despite being surpassed by larger exchanges in terms of volume, BitMEX maintains a loyal customer base due to its fair pricing and neutrality. Lutz envisions the exchange continuing to focus on bitcoin-based derivatives while selectively expanding its offerings in the future.



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