The report analysed perpetual swap listings across major exchanges – BitMEX, Binance, Bybit, and OKX – between the start of 2025 and March 18.
Here’s what sets BitMEX apart:
- BitMEX leads in perps listing performance: 58.33% of BitMEX perp listings appreciate post-Day 1, delivering the highest returns – average gain (62.55%), median gain (23.21%), and maximum gain (296.44%) amongst all exchanges.
- Sustainable price momentum: Only 41.7% of BitMEX listings hit their ATH on Day 1, compared to 70.83% on OKX and 50% on Binance. This shows listings on BitMEX contradict the notion of pump and dump markets, and cultivate longer-term price discovery.
- Timing is everything: For tokens that appreciate post-listing, most hit their peak within the first week (BitMEX median: 6 days).
Stephan Lutz, CEO of BitMEX, said, “We’re excited to be publishing our Q1 Perps Listening Performance Report – this analysis reinforces that exchange selection can significantly shape trading outcomes. BitMEX is a neutral, trader-first platform and we focus on building the right conditions for sustained price discovery. By sharing these findings, we aim to equip our traders with deeper insights into how new listings behave – and how to position accordingly in a fast-moving market.”