[PRESS RELEASE – Mahe, Seychelles, November 24th, 2025]
Inventor of the perpetual swap says Bitcoin’s dominance continues to reshape global markets – traders are positioning for one of the most active cycles in years.
BitMEX, the exchange that has played a pivotal role in defining modern cryptocurrency trading, celebrates its 11th anniversary today, honoring the traders who have influenced both the exchange and the industry since its inception in 2014. In celebration of this milestone, BitMEX is releasing “11 Insights from 11 Years of Experience,” featuring valuable lessons gleaned from over a decade at the forefront of digital asset markets.
11 Years of Being Big and Bold: How BitMEX Helped Build Modern Crypto Trading
The narrative of BitMEX is intertwined with the evolution of cryptocurrency itself. Known for creating the first perpetual swap and the introduction of 100x leverage, as well as being a frontrunner in advocating for Proof of Reserves, BitMEX has consistently led the way in innovation. As the market has transformed over time, BitMEX has remained committed to its principles: prioritizing the needs of traders over speculative hype. The platform continues to expand, offering professional tools like Copy Trading, Trading Bots, and advanced derivatives, all while adhering to commitments to transparency, resilience, and technical excellence.

“BitMEX has weathered every cycle because we built on principles, not trends,” said Stephan Lutz, CEO of BitMEX. “In my three years as CEO, I’ve watched the market reinvent itself again and again. Many exchanges have risen and fallen and we’ve seen many things change, but BitMEX has always stayed true to its DNA. We’ve remained principled, resilient, and trader-first, and I’ve never been prouder to lead this company. The last few years have shown me that when the market gets loud, traders return to the platforms that are steady, neutral, and battle-tested. I’m proud of what my team has achieved and incredibly excited about what comes next.”
11 Insights from 11 Years: What a Decade on the Frontline Has Taught Us
In honor of its anniversary, BitMEX compiles a decade of market experiences, scars, and technological breakthroughs into 11 essential insights about crypto trading:

1. It’s Always Been About Bitcoin.
   Bitcoin remains the only asset consistently reaching new all-time highs, driven by its innovative monetary framework and decentralized roots.
2. Perpetual Swaps: The Greatest Financial Invention of the 21st Century.
   Before the advent of perpetual swaps by BitMEX, crypto derivatives were ineffective. This innovation transformed futures trading into a highly-demanded product in the crypto market.
3. Security: A Practice, Not a Product.
   BitMEX emphasizes a strong withdrawal model of 100% cold-storage and multi-signature, reinforcing that security is a philosophy rather than just a feature.
4. Are You Trading the Market or the House?
   Unlike many exchanges with potential conflicts of interest, BitMEX is structured as a neutral venue, ensuring fairness.
5. Crypto Is a Fragmented Market.
   The crypto space consists of various liquidity pools rather than a unified market, as highlighted in its recent Q1 2025 Derivatives Report.
6. The Real Risk Is Auto-Deleveraging.
   Liquidation can be anticipated; however, Auto-Deleveraging presents unpredictable risks.
7. Fair Price Marking Shields Against Market Manipulation.
   This principle, initiated by BitMEX, anchors Mark Prices to a hybrid composite index.
8. Leverage Is Freedom.
   Introducing 100x leverage combined with non-recourse liquidation democratizes trading opportunities while necessitating discipline.
9. The Bitcoin 4-Year Cycle Is Not Dead.
   Recent findings stress that cycles fueled by leverage and psychological factors continue to establish market patterns.
10. Beware of High-Yield Stablecoin Traps.
    Many so-called stablecoins mask unsustainable mechanisms.
11. Do Not Confuse the Wrapper with the Asset.
    New access formats often incur additional fees, which may lead to underperformance relative to the original asset.
    For the complete analysis, refer to the full report linked here.
    About BitMEX
    BitMEX stands as the original crypto derivatives exchange, catering to the needs of professional traders with seamless, reliable tools. Its impeccable record of security ensures users can trade safely, and the platform remains transparent, consistently issuing Proof of Reserves and Proof of Liabilities data twice a week.
    For further details about BitMEX, visit the BitMEX Blog or check www.bitmex.com. Connect with BitMEX on Discord, Telegram, and Twitter. For media inquiries, contact [email protected].