Open interest in perpetual contracts tied to stocks, metals and oil has doubled since late May as major crypto exchanges expand beyond digital assets, CryptoQuant reported.
Summary
- TradFi perpetual open interest has more than doubled to over $2 billion since late May.
- Binance, Bybit and Gate control about 70% of the emerging derivatives segment.
- Crypto perpetual open interest stands near $65 billion, around 20% below its previous peaks.
TradFi perpetual open interest climbs above $2B
TradFi perpetual contracts have become one of the fastest-growing areas of the crypto exchange market, according to CryptoQuant’s report.
The products give traders continuous…
