Blockchain

BitMEX Report Highlights Crypto Perpetual Swaps in 2025: The Year the Engine Broke and Rebuilt

January 9, 2026

Perpetual swaps, long regarded as the backbone of crypto derivatives, entered the year with confidence and exited it transformed. As weak models collapsed, space opened for more resilient platforms and genuinely new ideas. 2025 did not end the perpetual swap market. It forced it to evolve. Few years have tested the crypto derivatives market like […]

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