Recently, the well-established cryptocurrency giant BitMEX, founded by Arthur Hayes and operational for twelve years, announced its shutdown. This video reviews its journey from the glory days in 2018 with a record monthly revenue of 4.52 million Hong Kong dollars, renting the 45th floor of the Cheung Kong Center in Hong Kong, to a year later when Binance surpassed it, leading to a plummet in market share to the single digits of 9%, culminating in the final decision to cease operations.

Full in-depth article: The Rise and Fall of the King of Contracts: The Twelve Years of BitMEX

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