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Mutual Insurance Takes off As Bitcoin Futures Market Matures

The crypto futures market is heating up. On June 30, Binance launched Compound perpetual contracts at 50x leverage, around the same time Beijing-based MCDEX debuted a novel decentralized ETH perpetual contract that has no expiry date. CoinFLEX, meanwhile, has unveiled a centrally traded repo market powered by deliverable perpetual futures and Bybit

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