Perpetual Swaps Bring Wall Street to Crypto

Crypto meets Wall Street in an unlikely way: through the use of perps, also known as perpetual swaps. Perps are derivatives that allow investors to bet on the price movements of assets like Bitcoin (BTC) without actually owning them.

According to a recent report by CoinDesk, some crypto exchanges have started offering perps, which are essentially futures contracts with no expiration date. This development is significant because it allows Wall Street players to access and trade in cryptocurrencies, potentially increasing mainstream adoption and investment in the space.

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