Wall Street Takes a Cautious Approach to Crypto's $90 Trillion Trading Phenomenon
The popularity of perpetual futures, a staple in the crypto trading world, has been undeniable, with trading volumes reaching $1 billion within a week of launch. These contracts, also known as 'perps,' have become a cornerstone of global crypto trading, with estimates suggesting an annual volume of around $90 trillion. Unlike traditional futures contracts, perps do not expire, and traders are not…