2026-01-01 17:35:27

Perpetual contracts should be reflected upon by the industry.

Infinite leverage, high-frequency liquidations, retail investors losing everything—this model has already caused enough tragedies in 2024. Many exchanges are making huge profits from this, but the entire ecosystem is overdrawing trust. User experience is getting worse and worse, regulatory pressure is increasing, and ultimately, the reputation of the entire industry is the one suffering.

Can we change our approach in 2025? Return to the essence of spot trading, improve infrastructure, and explore genuine needs. Compared to high-risk derivative games, a healthier market ecosystem is more beneficial for everyone.

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NotFinancialAdviser

· 12h ago

This statement is really on point. The news of liquidation in 2024 is exhausting to watch. --- Exchanges are making huge profits but the ecosystem is rotten. How can it last long? --- Basically, it's like drinking poison to quench thirst; sooner or later, you'll have to pay the price. --- Spot trading is the real way; derivatives are just gambling. --- Perpetual contracts really should be regulated; retail investors are suffering too much. --- Infinite leverage? That design is just ridiculous. Exchanges just want to harvest. --- Finally, someone dares to say it. Regulatory actions are still not fast enough. --- Only by returning to fundamentals can one survive longer. Eating fast food will eventually ruin your intestines. --- I agree. If 2025 is still playing like this, there's really no hope. --- The essence of the derivatives market is zero-sum; big players take from retail investors.

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AltcoinHunter

· 12h ago

To be honest, I’ve been liquidated on perpetuals before—lessons learned the hard way. But the question is... why would an exchange give up this lucrative piece? They only move when regulators come knocking. What’s the point of reflecting now? Spot trading sounds great, but the real opportunities have already been taken by institutions. I agree that infrastructure should be solidified, but don’t expect the ecosystem to reform voluntarily.

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degenwhisperer

· 12h ago

Honestly, perpetual contracts are the sweatshop of exchanges, retail investors have become ATMs. One word: black. Exchanges are bloodsucking, regulators are pressing down, and we are stuck in the middle. Wake up, everyone. Returning to spot trading is the right way. Stop giving money to exchanges. Can we please stop playing with leverage in 2025? Really, no one wins. Perpetual contracts = the exchange's money printer, the retail investors' grave. No exceptions.

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SnapshotStriker

· 12h ago

It's really not wrong, perpetual contracts are just a cash cow for exchanges, with nine out of ten retail traders getting wiped out. --- It's just liquidation bots; exchanges happily count their money, while the industry cries and gets criticized. --- Unlimited leverage will be regulated sooner or later, now is the time. --- Instead of playing with flashy tricks, it's better to focus on developing the spot ecosystem, which is the long-term strategy. --- After all these years, I haven't seen any exchange proactively cut off perpetual contracts... --- How many retail traders died in 2024, and will they keep doing the same in 2025? Wake up. --- The core issue is the lack of risk control, relying solely on leverage to harvest retail investors; anyone who tries to change that will lose money, it's that simple. --- They only act when regulation comes; market self-discipline? Don't make me laugh. --- Returning to spot trading is indeed boring, but it's definitely better than losing everything. --- If exchanges don't profit from this, their business model collapses; don't expect them to make proactive changes. --- The design of perpetual contracts itself is anti-human, so why continue?

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