Perpetual futures continue to be crypto’s most popular financial instrument. Despite the prevailing market conditions, Binance facilitated $3 trillion of perp volume in May and $2 trillion in June. Perp products on Binance, and other exchanges, have routinely settled more trading volume than spot products over the last year. It’s clearly evident that perpetual futures are incredibly important for crypto — and now they’re making their way into DeFi.
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