Arthur Hayes, the former CEO of BitMEX, expressed gratitude towards Coinbase for defending US stock perpetual futures. Hayes stated that he was 'flattered' by Coinbase's stance, a decade after BitMEX first launched perpetual swaps. The move is seen as a nod to BitMEX's pioneering work in the field. Coinbase's support for US stock perpetual futures comes as a sign of growing acceptance of these financial instruments.
Source
"Coinbase Defends US Stock Perpetual Futures" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
Hayes' comments highlight the growing competition in the financial derivatives market, where traditional exchanges and crypto-based platforms are vying for market share.
