The thing is that with BTC you sort of hit a wall. You can make a wallet, or an exchange with a BTCUSD perpetual contract. But thats where it stops. Regulations make it impossible to develop further financial products, like a BTCXAU perpetual or Oil settled, priced in BTC futures :) Thats what BitMEX should have gone down that route "Bitcoin Mercantile Exchange" But instead they picked the low hanging fruit and kept adding shitcoin pairs. Can you blame them tho?
The thing is that with BTC you sort of hit a wall. You can make a wallet, or an exchange with a BTCUSD perpetual contract. But thats where it stops. Regulations make it impossible to develop further financial products, like a BTCXAU perpetual or Oil settled, priced in BTC futures :) Thats what BitMEX should have gone down that route "Bitcoin Mercantile Exchange" But instead they picked the low hanging fruit and kept adding shitcoin pairs. Can you blame them tho?