Perpetual Futures Open Interest Surges 12.8% Across 15 Tracked Venues

The growth of open interest in perpetual futures contracts has accelerated across 15 tracked venues, increasing by 12.8% during the week of September 13-19.

This rapid expansion suggests that traders are leveraging existing capital to increase their exposure rather than waiting for fresh funds to enter the market.

Perpetual futures have become the dominant instrument in crypto derivatives trading, offering flexibility and allowing traders to bet on an asset's price without the contract ever expiring.

The aggregate open interest across the broader crypto futures landscape has been fluctuating between roughly $68 billion and $140 billion in recent weeks, depending on how many venues are counted and which methodology is applied.