BitMEX, an established crypto derivatives exchange, has published a detailed analysis of the performance of perpetual swaps listed on major exchanges. The study covers the period from the beginning of 2025 to March 2025 and compares results from BitMEX, Binance, Bybit, and OKX.
Key Findings of the Study
The study notes that BitMEX outperformed other exchanges, showcasing an average gain of 62.55% for listings that appreciated after the first day. Additionally, 58.33% of its listings continued to appreciate post-listing.
Comparison with Other Exchanges
Only 41.67% of BitMEX listings reached their all-time high (ATH) on the first day, while this figure was 70.83% for OKX and 50% for Binance. This indicates that the 'first day peak' theory does not universally apply across exchanges. Most tokens reach their peak value within the first week, with BitMEX listings typically taking six days to reach their peak.
Conclusions and Recommendations for Traders
BitMEX's management highlighted that their insights illustrate the platform's unique ability to identify promising tokens, offering traders chances for profit. 'Our analysis highlights our rigorous listing process and market structure, which gives a competitive edge to both traders and listed tokens,' said CEO of BitMEX, Stephan Lutz.
The analysis underscores the importance of exchange-specific dynamics for successful trading of swaps. Understanding this data may assist traders in enhancing their strategies for new listings.
