What Are Perpetual Futures (Perps)? Why They’re Booming— and Why They Could Trigger the Next Financial Crisis
Perpetual futures — "perps" in market shorthand — are the fastest-growing trading instrument in global finance right now. They started in crypto, stayed in crypto for years, and are now crossing over into traditional Wall Street territory. The CFTC approved Bitcoin perps from regulated U.S. platforms in 2026. Coinbase has…
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