How perpetuals hook traders on uncertainty and make crypto feel like a 24/7 casino.
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In April 2026, spot trading volumes on crypto exchanges fell to their lowest since November 2023, while derivatives reached 77.1% of turnover. It looks almost paradoxical: actual asset trading is shrinking, but appetite for leveraged bets remains high.
The shift isn’t driven by market conditions alone. As noted by crypto journalist Colin Wu,…
