Wall Street's $90 Trillion Crypto Trading Product is Here, But Banks Are Proceeding with Caution
Perpetual futures, a staple in the crypto trading world, have officially entered the US market, sparking a mix of excitement and trepidation among Wall Street players. The contracts, which do not expire and require periodic funding payments to maintain their price close to the underlying asset, have garnered significant attention, with Kalshi's perpetual futures reaching $1 billion in trading vol…