Perpetual Futures Put Pressure on Traditional U.S. Exchanges

The growing popularity of perpetual futures is putting pressure on traditional U.S. exchanges to rethink their strategies, according to CNBC.

Perpetual futures, also known as 'perps,' trade around the clock without an expiration date and can be linked to various asset classes, including cryptocurrencies like Bitcoin, stocks, and commodities.

Investors fear that the proliferation of perps could impact the revenues of traditional exchanges, which rely on 'rolling over' contracts before they expire.

The average daily notional trading volume of perpetual futures on the decentralized Hyperliquid platform in June was $9.6 billion, while the total estimated at approximately $150 billion this year.