$90 Trillion Perpetual Futures Market Opens in U.S., But Banks Are Slow to Follow

The $90 trillion perpetual futures market is finally arriving in the U.S. on regulated exchanges, but Wall Street institutions are taking their time to get involved.

The biggest banks are hesitant due to concerns about liquidity fragmentation, legal clarity, and the cost of building new trading infrastructure.

Crypto-native exchanges and nimble trading firms, however, are not waiting and are launching regulated perpetuals on U.S.-licensed platforms, aiming to capture retail and institutional demand.