BitMEX Blog – Cryptocurrency Trading Insights & Market Analysis
Executive Summary Q1 2026 marked a breakout quarter for TradFi perpetual swaps. What began as a niche product — barely registering at 0.03% of total crypto margin derivatives volume in December 2025 — erupted into a $30.7 billion weekly volume market commanding 1.72% of all exchange-traded crypto derivatives. The catalyst was a convergence of structural…