Ben Delo

Entrepreneur | Philanthropist

[Academy of Ideas @acadofideas]

“Here, multiple perspectives are allowed to collide. Passionate and informed speakers butt heads. And the audience is trusted to witness it and participate in it. That is exciting, that is fun, and that is a fundamental requirement for a progressive civilisation.”

@bendelo opens the 21st Battle of Ideas

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[Academy of Ideas @acadofideas]

"The freedom to express is also the freedom to listen and when one person is told 'you can't say that' in the same breath everyone else is being told 'and you can't hear it either'".

@bendelo opens on the importance of FREE SPEECH ALLOWED @ the Battle of Ideas

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[Ben Delo @bendelo]

Agreed, it is a legacy from originally calculating the funding rate by refering to underlying USD and BTC borrow rates from margin exchanges. After we moved to using a premium index to skew the rate, the underlying USD rate was hardcoded to 0.01% every 8 hours (10.95% annualised) and if the premium index is 0% it does not get skewed down.

[Ben Delo @bendelo]

@climate_resist My crypto business @BitMEX has shutdown, what tax are you talking about?

[Ben Delo @bendelo]

@Altsuperrekt1 Which statement in my op-ed is a lie?

[Ben Delo @bendelo]

My op-ed in The Telegraph on why I am supporting Reform UK
https://t.co/FAtFQoTVGh

[BitMEX @BitMEX]

Yesterday we closed the book on XBTUSD — the contract that started it all.

Launched on 13 May 2016, it was the longest-running perpetual swap contract in crypto. And until we are told otherwise, the longest running derivatives contract of any kind, given TradFi still trades on contracts that expire.

Let's take a trip down memory lane one last time 💔

[Ben Delo @bendelo]

I am giving millions to Reform to make the next election a fair fight
https://t.co/jQbbJOWnlD

[Ralston College @RalstonCollege]

Why does AI have a personality? Large language models are designed with features of human attention in mind. Each day, human activity provides an increasing number of data points, directing the course of this ‘personality.'

This symposium was made possible through the generous support of the Ben Delo Foundation. To view the full lecture from Jonathan Pageau delivered at our symposium AI and the Battle for the Soul, please visit https://t.co/buK4bhEtnu.

[Ben Delo @bendelo]

The inside story of how I invented the perpetual swap at @BitMEX

https://t.co/jrxNebLBkZ

[Ben Delo @bendelo]

Very proud to have invented the perpetual swap at @BitMEX. A financial innovation that transformed crypto and now being adopted by Wall Street!

[BitMEX @BitMEX]

Dear BitMEX Users,

Today, we share with a very heavy heart that BitMEX exchange will shut down its operations, effective 23 September 2026 at 04:00:00 UTC.

The owner and operator of BitMEX, HDR Global Trading Limited, has made the difficult decision to close operations following a strategic review of the business.

It may not look the same today, but we are proud of our 11+ year legacy and the role we played in shaping the crypto industry. We invented the 100x leverage perpetual swap, which for most of you, was the first step to your crypto trading journey. It is now the most traded financial product in the crypto industry, adopted by thousands of users and exchanges. And we remain proud of our robust security infrastructure, which has allowed us to maintain a flawless track record of 0 customer funds lost to hacks in our entire operating history.

We want to reassure you that your assets remain fully safe and under your control during this transition period. This announcement is just to give enough time to ensure a smooth withdrawal process for everyone.

From today we strongly encourage all users to close their positions and withdraw their funds as soon as convenient. For more details on the full process, please read our blog: https://t.co/OOHeh6xHm8

BitMEX was once home to some of the greatest traders today. Our team has dedicated tremendous effort and passion into building the platform into what it is, and we are glad to have reached some of you during your time with us. To everyone who has traded, supported, and grown alongside us - thank you for your trust over the last 11 years.

The BitMEX Team

[Reform UK @reformparty_uk]

Ben Delo is a true patriot.

[Gordon Rayner @gordonrayner]

Billionaire expat Ben Delo moves back to UK to donate to Reform https://t.co/kKPrMEoVYB

[Nigel Farage @Nigel_Farage]

The scheming and dishonest Keir Starmer will not stop us.

In fact, his actions have only made brave people like Ben Delo even more determined to beat Labour at the next election.

https://t.co/Vdmg0ydnWm

[Izabella Kaminska @izakaminska]

Three years ago, I sat down with BitMEX's Ben Delo to find out how he came up with the idea for the perpetual future.

That gave rise to a Bloomberg column where I argued that perps were one of the most important inventions to come out of crypto.

A lot has happened since then, not least the shift to a much tighter dollar liquidity environment and the legitimization of stablecoins. My hunch was always that the perp would become an important tool in pricing marginal dollar liquidity, especially at the intersection of on and offshore markets.

With the normalization of stablecoins in the core dollar economy, that pricing signal is only going to become more critical.

That's caused me to revisit my notes, and dive even deeper into that origin story and why it matters for dollar funding markets today (all the more so given talk of dollar coalitions of the willing guarding against potential dollar swapline cut-offs by the Fed).

The conclusion is that perps could be the pathway to a shadow-dollar interest rate that competes with the Fed's own rate.

Check out the full story here 👇

https://t.co/tJsfFEcjPz

https://t.co/gFo0Crh6qH

[The Telegraph @Telegraph]

Expelled from three primary schools, pardoned by Trump, and now bankrolling Britain’s free speech wars

James Titcomb meets Ben Delo, the British crypto billionaire funding legal battles against police and universities 👇
https://t.co/jgtGF7dkTv

[Ben Delo @bendelo]

Great piece by @jamestitcomb in The Sunday Telegraph today https://t.co/wQnqJgUVQn

[SPEAK UK @speakukorg]

Today, we’re launching SPEAK.

Every year, thousands of people in the UK are arrested for what they say online.

We’re going to change that. 🎥