About this episode

Stephan Lutz discusses the evolution of crypto exchanges and trading in the wake of the FTX collapse.

🎙️ How are crypto exchanges evolving after the FTX collapse, and what comes next for perpetual futures?In this episode, Bitcoin.com's Alex Richardson sits down with BitMEX ex-CEO Stephan Lutz at Proof of Talk 2026 to discuss the changing landscape of crypto trading, exchange security, and the convergence of traditional finance and digital assets.Lutz explains how BitMEX adapted to the post-FTX market, why security is a company-wide culture rather than a one-time feature, and how social engineering has become one of the industry's biggest threats.The conversation also explores BitMEX's FX perpetual swaps, the rise of institutional trading, the convergence of TradFi and crypto, the shift into a "post-yield" market, and why liquidity, low latency, capital efficiency, and professional trading tools are becoming increasingly important.If you're interested in crypto trading, exchange security, perpetual futures, and the growing convergence of TradFi and crypto, this interview is for you.🎧 Follow Bitcoin.com News on Spotify for more interviews with industry leaders, market analysis, and the latest developments shaping Bitcoin and crypto.

People in this episode

Host: Alex Richardson

Guest: Stephan Lutz

Topics covered

• crypto trading
• perpetual futures
• exchange security
• traditional finance
• digital assets
• institutional trading
• market adaptation

Keywords

• crypto exchanges
• perpetual futures
• exchange security
• social engineering
• institutional trading
• capital efficiency
• low latency

Mentioned in this episode

Organizations: BitMEX, Bitcoin.com, FTX

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