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Another Top Crypto Exchange Shuts Down. What Does This Mean For the Future of the Crypto Market?

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FOMOGRAM Editorial Desk
Aug 3, 2026
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Another Top Crypto Exchange Shuts Down. What Does This Mean For the Future of the Crypto Market?
EXECUTIVE SUMMARY

Some inventions outlive their inventors. BitMEX pioneered the perpetual swap, a financial derivative that allows people to make a bet on an asset's price while using up to 100 times leverage and while being unconstrained by any expiring contracts. Perpetuals went on to become crypto's most copied…

Some inventions outlive their inventors. BitMEX pioneered the perpetual swap, a financial derivative that allows people to make a bet on an asset's price while using up to 100 times leverage and while being unconstrained by any expiring contracts. Perpetuals went on to become crypto's most copied…

FOMOGRAM SENTINEL GRAVITY TELEMETRY

BitMEX's closure may lead to increased trading volume on Binance, benefiting BNB as the utility token of the leading exchange.

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