The pioneer of the perpetual contract model, BitMEX, is shutting down. Just two months ago, on May 29, the CFTC for the first time brought perpetual contracts under U.S. federal regulation and approved two platforms (Coinbase and Kalshi) to launch perpetual contracts in the U.S., causing CME and CBOE stock prices to plummet. Previously, I talked about it here: https://(x.com)/qinbafrank/status/2062005668299911589?s=46&t=k6rimWsEbo2D2tXolYcM-A. Perpetual contracts are now officially recognized in the U.S., yet the model's pioneer is closing down. One era ends, and another begins—what a bittersweet moment! #BitMEX #Crypto #PerpetualContracts