Crypto’s favorite $90 trillion trading product is coming to Wall Street, but big banks are taking it slow
Regulated perpetual futures are officially landing in the U.S., but while agile trading firms and crypto exchanges race to capture massive retail demand, traditional Wall Street banks are holding back until liquidity, rules, and infrastructure mature.
AI Summary
Regulated perpetual futures are entering U.S. markets, with Kalshi and Coinbase receiving CFTC approval and Kalshi’s product seeing over $1 billion in volume within a week. Despite the product’s global popularity and estimated $90 trillion annual volume, major Wall Street banks are holding back until liquidity, rules, and infrastructure mature.