BitMEX launches FX perpetual swap contracts for institutional and retail investors

BitMEX, one of the longest running derivatives exchanges in the crypto market, is moving into traditional financial markets with the launch of perpetual swap contracts tied to foreign currencies. The firm announced Friday the launch of FX perpetual swap contracts (FX perps), which will allow its users to trade more than 20 contracts tied to foreign currencies—even during after-markets trading for these currencies. This is the firm’s most notable move into non-crypto related products since the firm rebranded and brought on exchange veteran Alexander Hoptner as chief executive office, replacing founder Arthur Hayes.