BitMEX, a prominent crypto exchange, shared an analysis examining the behavior of perpetual swaps on various centralized exchanges at the beginning of 2025. The study covers various aspects of listing and price dynamics of perpetual swaps.
Key Findings of the Study
The study revealed that BitMEX stands out among other exchanges with the highest number of successful perpetual swap listings, averaging a gain of 62.55%. Notably, 58.33% of projects continued to appreciate after the first day of listing.
Exchange Comparisons
Comparative data shows that only 41.67% of BitMEX listings reached their all-time high (ATH) on their first day, while OKX recorded 70.83%, and Binance 50%. This indicates that the 'first day peak' theory is not universally applicable across exchanges.
Impact on Trading Strategies
Most tokens regarded as successful after listing reach their peak price within the first week. Listings on BitMEX, on average, peak after six days. This insight can help traders refine their strategies in the shifting landscape of perpetual swaps.
The BitMEX study underscores the significance of exchange-specific dynamics in trading perpetual swaps, illustrating that understanding price dynamics can assist traders in achieving better outcomes in the market.
