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Changpeng Zhao reflects on BitMex's role in the evolution of crypto derivatives. He highlights that BitMex introduced 100x perpetual contracts to the crypto market in 2014, while delivery futures existed beforehand, making Fridays especially hectic. According to Changpeng Zhao, BitMex operated with BTC-only deposits, a single blockchain, and once-daily withdrawals through a multi-sig wallet, noting the unique constraints of the platform.
Changpeng Zhao has previously commented on policy changes impacting market participants. He warned that EU users are losing access to top global liquidity due to regulatory measures. In another statement, Zhao noted the conclusion of a proxy dispute and board appointment at CEA Industries.