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BitMEX's Receding Market Share Might Have Spared Bitcoiners Bigger Sell-Off

When BitMEX announced its "perpetual bitcoin leveraged swap" four years ago, few traders could have anticipated the major impact it would have on the digital-asset trading landscape.

By Muyao Shen, Bradley Keoun

Updated Apr 10, 2024, 2:42 a.m. Published Oct 1, 2020, 10:12 p.m.

BitMEX's website, accessed from the U.S. Thursday, was explicit that its "100x" trading products are prohibited in "restricted jurisdictions."