Arthur Hayes, co-founder of BitMEX, has expressed his appreciation for Coinbase's recent defense of US stock perpetual futures. According to CoinTelegraph, Hayes said he was "flattered" by Coinbase’s support, highlighting the significance of this move a decade after BitMEX pioneered perpetual swaps in the crypto space.
This acknowledgment underscores the growing acceptance of perpetual futures within mainstream crypto exchanges, reflecting how innovative trading products have evolved and gained traction over the years. Coinbase’s backing signals a broader institutional interest in expanding derivative offerings beyond traditional cryptocurrencies.
For Japanese investors, this development is particularly relevant as local markets continue to integrate crypto derivatives, potentially influencing regulatory approaches and product availability in Japan’s evolving financial landscape.