Regulated perpetual futures, a popular $90 trillion trading product, are officially landing in the US, as reported by CoinDesk. While agile trading firms and crypto exchanges are racing to capture massive retail demand, traditional Wall Street banks are holding back.
The reason for the cautious approach by big banks is the need for liquidity, rules, and infrastructure to mature. This suggests that despite the demand for perpetual futures, there are still significant hurdles to overcome before they become widely accepted on Wall Street.
Perpetual futures are a type of financial derivative that allows investors to bet on the future value of an asset. They are popular in the crypto space due to their ability to provide high leverage and flexibility.