Crypto Markets Take Aim at Traditional Finance with 24/7 Trading

Crypto markets are pushing traditional markets toward a world where trading never stops. Trade.xyz, built on top of crypto exchange Hyperliquid, has generated roughly $500 billion in volume since launching in October.

The platform offers perpetual futures tied to assets ranging from oil and gold to the S&P 500 and pre-IPO companies such as SpaceX. This has regulators taking a closer look at allowing pre-IPO perps in the US, with proponents arguing they could improve price discovery.

Proponents of this approach argue that it could lead to better price discovery and more efficient markets. However, concerns about regulatory oversight and investor protection remain. The development highlights the ongoing evolution of crypto markets and their growing influence on traditional financial systems.