perpetual

According to on-chain analyst Specter, North Korea is laundering funds across multiple chains, including underlying chains such as dYdX, Noble, and Osmosis, and has opened perpetual contract positions on dYdX.

The Binance Futures platform will launch multiple USDT-denominated perpetual contracts on September 28, including OKLOUSDT, TWSTUSDT, CVNAUSDT, RUMUSDT, and XOMUSDT. The specific launch times are 17:00, 17:05, 17:10, 17:15, and 17:20, with a maximum leverage of 20 times.

Analysis released by a16z crypto on September 23 shows that the total transaction volume of real-world asset perpetual contracts in August 2026 is $11.73 billion, with on-chain platform transaction volume accounting for about $10.1 billion, or 86%; centralized exchange transaction volume is about $16 billion, an increase of 44 times compared to the same period last year. A year ago, the on-chain platform transaction share was only one-third or lower.As of the end of August, the open interest size is $4.8 billion, expanding about 30 times from $161 million in July 2025. In terms of transaction volume, stocks account for 48%, commodities for 28%, and indices for 18%, indicating a shift in transaction structure from being commodity-dominated previously. a16z states that the HIP-3 protocol launched by Hyperliquid in October 2025 simplifies the creation of new perpetual markets and enhances liquidity sharing.

HIP-3 Market Deployers Entropy spent 500 HYPE (approximately $45,000) to acquire the code Pearl (PRL), and Entropy is about to launch its perpetual contract.Pearl (PRL) is an independent public chain set to launch in April 2026, positioning itself as the "AI version of Bitcoin." Miners use GPUs for large model matrix calculations, producing verifiable AI computations while generating blocks, with a total supply of approximately 2.1 billion coins.

The New Zealand Exchange O.G. Com has submitted an application to the CFTC to launch single stock perpetual futures, attempting to bring traditional stock leveraged trading into the DeFi space.

According to The Block, Ethena is incorporating tokenized U.S. stocks and Binance stock perpetual contracts into the foundational trading support strategy of USDe. Among them, Binance bStocks will serve as the tokenized spot support asset, while Ethena will hedge through Binance stock perpetual contracts to maintain Delta neutrality.The Ethena Risk Committee has previously approved the inclusion of tokenized stock foundational trading into the allocation strategy. Ethena stated that the open interest of Binance stock perpetual contracts has currently exceeded $2.9 billion, with a monthly average compound growth rate of 105% this year, and the average annualized return of stock foundational trading over the past six months has been 3.56%; the company expects that as more stock market assets go on-chain, the opportunity size of stock perpetual contracts will ultimately significantly exceed that of the cryptocurrency perpetual contract market.Guy Young, founder of Ethena Labs, stated that this is the most important expansion of its funding mechanism since the launch of USDe.

According to Decrypt, Mike Selig, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that after the Senate rejected the Clear Act, the CFTC will continue to advance the formulation of rules for the cryptocurrency market structure, saying "now is the time for action." Selig pointed out that the CFTC's existing statutory authority provides room for advancing the rules without waiting for Congress to pass new legislation.The agency will also reassess the current rules applicable to algorithmic and smart agent-driven 24/7 on-chain markets. Related arrangements may include establishing designated contract market categories that allow exchanges to offer cryptocurrency leveraged trading under CFTC regulation; however, the CFTC does not have the authority to regulate the spot market, and regulation of the spot market still requires legislation.

The venture capital firm a16z crypto stated that the trading of perpetual contracts linked to stocks, gold, and other traditional assets has rapidly increased, with more transactions occurring on-chain. In August 2026, the transaction volume reached $117.3 billion, up 44 times from a year earlier, with open interest at $4.8 billion. After a decline in transaction volume in April 2026, it hit a new high again in May, rising to $145.1 billion in July, before falling back to $117.3 billion in August.Open interest increased from $161 million in July 2025 to $4.8 billion in August 2026, nearly a 30-fold increase, remaining close to record highs even as transaction volumes declined. As of November 2025, centralized exchanges accounted for about two-thirds or more of monthly transaction volumes, with December nearly evenly split with on-chain venues; in August 2026, on-chain venues accounted for 86%, approximately $101 billion, while centralized exchanges accounted for about $16 billion, with their transaction volume declining from a peak in March to July.The decentralized perpetual contract platform Hyperliquid launched HIP-3 in October 2025, allowing developers to deploy their own perpetual contract markets using the shared trading infrastructure HyperCore. That month, the on-chain RWA perpetual transaction volume increased to about $4 billion, with on-chain venues accounting for nearly half of the tracked transaction volume in December. A year ago, commodities accounted for 84%, while in August this year, stocks accounted for 48%, commodities for 28%, and indices for 18%. In June, the open interest for stocks was $1.6 billion, surpassing commodities at $1.2 billion, and in August, they were $2.2 billion and $1.6 billion, respectively.

The Federal Register of the United States published today a rule filing notice from KalshiEX LLC (Kalshi), stating that the prediction market platform has submitted a proposed rule change to the SEC, claiming immediate effectiveness. The content is the addition of Chapter 14 to the rules manual, aimed at listing "Perpetual Securities Futures Products" (Perpetual SFPs).The contracts have no fixed expiration date, and the contract price is anchored near the spot price of the underlying U.S. stocks or ETFs through periodic funding fees from both long and short parties. Kalshi qualifies it as a securities future, planned to be cleared by its clearing platform Kalshi Klear. The listing threshold is relatively high, requiring the underlying to have a deliverable supply of over 20 million shares, a market capitalization of at least $100 billion, and an average daily trading volume of at least $450 million over the past six months, with contract units mostly being 100 shares.

According to the official announcement, Huobi HTX has launched MUBARAK/USDT and OURA/USDT perpetual contracts on September 23, supporting 1-20 times long and short operations. At the same time, from now until September 29 at 15:00 (UTC+8), Huobi HTX is launching a new contract trading competition. Users who complete registration, participate in the contract trading of the event tokens, and meet the specified thresholds will have the opportunity to share a total prize pool of 1 billion $HTX.

The Binance Futures platform will launch the OURAUSDT U-based Pre-IPO perpetual contract on September 23 at 16:30, with a maximum leverage of up to 20 times.

According to official news from Gate, the number of stock underlying assets supported by Gate's perpetual contracts has exceeded 450+, continuously expanding the coverage of popular global stock perpetual contracts, creating the trading platform with the widest industry coverage and the most underlying assets for stock perpetual contracts.Driven by both ecological expansion and market enthusiasm, several star stock derivatives on the platform are actively traded. According to data from the Gate platform, SpaceX (SPCX) is currently priced at $154.75, up 1.91% in 24 hours; Micron Technology (MU) is currently priced at $1094.41, up 4.89% in 24 hours. CoinGlass data shows that the open interest for Gate's SPCX contracts has reached $98.48 million; the open interest for MU contracts has reached $71.03 million. Both have ranked third in the entire network in terms of open interest, demonstrating a high level of market recognition.

Watcher Guru reported that the Moscow Exchange in Russia has launched perpetual futures for five major cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, and Tron.The Moscow Exchange is the main securities exchange in Russia. This product covers perpetual futures contracts for the five cryptocurrencies mentioned above.

The Binance Futures platform will launch the MOONSHOTUSDT U-based Pre-IPO perpetual contract on September 22 at 16:30, with a maximum leverage of up to 20 times. This contract supports 24/7 trading and is settled in USDT.

According to the official announcement, Bitget has launched the USDBRL (US Dollar to Brazilian Real) forex perpetual contract. This contract is settled in USDT, supports up to 100 times leverage, and allows for 24/7 trading.

According to official news, Gate has now launched pre-trading for the OURAUSDT perpetual contract (settled in USDT), supporting 1-10 times leverage.Oura Ring is a leading brand in the global smart ring market, focusing on smart health rings, providing health data monitoring services for sleep, heart rate, body temperature, and stress through hardware and a membership subscription model.

According to the official API data released by Kalshi, most of the dollar trading volume in the Ethereum perpetual contract trading on this exchange comes from a single recurring fixed-size order.In response, Kalshi stated that its related incentive program has been publicly filed. This data was compiled by The Defiant based on Kalshi's public API data.

Aster announced the launch of the VERONA ($VERONA) perpetual contract, with the trading pair VERONAUSDT. The launch time for the perpetual contract is September 21, 2026, at 12:00 UTC. To coincide with the launch, Aster is also launching the Trade Arena trading competition, which will run from September 21, 2026, at 12:00 UTC to September 26, 2026, at 14:00 UTC, with a prize pool of $30,000 in ASTER, along with additional VERONA rewards.Rewards will be distributed based on the user's trading volume as a proportion of the total trading volume of all eligible participants, with a maximum reward cap of 3% of the total prize pool for a single user, and a minimum distribution threshold of no less than 1 VERONA and 1 ASTER. The event is open to all new and existing users, excluding market makers; only trades completed through the Aster perpetual contract during the event period for VERONAUSDT will be counted, including trades via supported channels such as Binance Wallet, Trust Wallet, SafePal, etc. Abusive behaviors such as wash trading, self-trading, and splitting wallets will result in disqualification.Verona (@verona_dev) is building a decentralized fact verification engine that can transform any internet data into verifiable facts and store them on-chain for reuse, allowing verified facts to be used across applications without exposing underlying data. The official claims that its technology has been used by brands such as Uber, Amazon, Nike, and millions of users. For complete rules, please refer to the official announcement.

GMGN co-founder Haze posted on the X platform stating that the perpetual contract trading feature of the GMGN platform is officially open for public testing. Everyone is welcome to experience it and provide feedback.

According to CoinDesk, the Bitcoin Volatility Index BVIV's perpetual contract was launched on Hyperliquid on Monday, allowing traders to bet on the magnitude of Bitcoin price fluctuations rather than the direction directly on the on-chain exchange. The BVIV index is often referred to as the "Bitcoin VIX," which tracks the expected implied volatility of the cryptocurrency over the next 30 days in real-time, similar to the Chicago Board Options Exchange VIX index that tracks the implied volatility of the S&P 500 index.The newly launched perpetual market allows traders to directly go long or short on the volatility index without needing to express their volatility views indirectly through costly options tools that require derivative expertise. The perpetual contract uses USDC as collateral and pricing asset, initially supporting up to 5x leverage. The Seda oracle infrastructure is responsible for connecting the Volmex index to the Markets exchange on-chain.Cole Kennelly, founder and CEO of Volmex Labs, stated that the launch of the BVIV index perpetual contract on Hyperliquid provides crypto traders with a convenient tool for volatility hedging and speculation. This launch is led by the on-chain perpetual contract platform Markets by Kinetiq based on Hyperliquid, in collaboration with Volmex and Perps.inc, marking the first joint deployment of the three parties and the first time the Volmex Bitcoin Volatility Index has gained access to an on-chain perpetual contract market. Hyperliquid is the world's largest decentralized perpetual contract exchange, with an average daily trading volume of several billion dollars and a fully diluted valuation of over $90 billion.