Perps CEO Eyes US Market Opportunity with New Model

Ondo Perps CEO sees an opportunity in the US market for perpetual contracts under a different model.

The CEO, who wishes to remain anonymous, spoke about the potential for perps in the US market during a recent interview. The executive noted that while the current model may not be suitable for American investors, there is a huge opportunity for perps if they are adapted to the local market.

Perpetual contracts, also known as perpetual swaps or inverse swaps, allow traders to buy and sell assets with leverage without an expiration date. They have gained popularity in recent years among crypto traders, but their adoption has been limited in the US due to regulatory concerns.