Perpetual futures contracts may soon hit the US markets as the crypto transformation in the Trump era gains steam
It may finally be possible to access perpetual futures - a cornerstone for exchanging digital assets abroad - for US-based traders under regulated platforms.
Industry experts say that the regulatory environment under President Donald Trump is clearing the way for these high-risk tools to be available in the American market for the first time.
Perpetual futures, also known as "perps," allow investors to bet on the price of cryptocurrency without owning the underlying assets. They have validity similar to traditional futures contracts and are settled every eight hours, allowing them to closely track spot prices. They also provide traders with the option to leverage positions up to 100 times - an enticing option for retail investors on risk.
Globally, the trading volume of cryptocurrency often comprises a larger portion of activity on exchanges like Binance, where daily volumes can exceed $70 billion, significantly outpacing spot market activity. However, due to their prevalence, regulators have banned these tools from American retail investors.
That may change soon.