Mutual Insurance Takes off As Bitcoin Futures Market Matures

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The crypto futures market is heating up. On June 30, Binance launched Compound perpetual contracts at 50x leverage, around the same time Beijing-based MCDEX debuted a novel decentralized ETH perpetual contract that has no expiry date. CoinFLEX, meanwhile, has unveiled a centrally traded repo market powered by deliverable perpetual futures and Bybit has reported strong demand for

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