
Perpetual Futures
A futures contract with no expiry became crypto's dominant instrument. Now it's coming for TradFi — where the volume sits, who keeps the fees, and what changes when perps hit equities, FX and rates.


An independent research desk on the merge of crypto and traditional finance — stablecoins, tokenization, DeFi, regulation and prediction markets. We read the market from Brazil and LatAm, where the next rails are being built first.

A futures contract with no expiry became crypto's dominant instrument. Now it's coming for TradFi — where the volume sits, who keeps the fees, and what changes when perps hit equities, FX and rates.













Our reading of crypto and TradFi — moved to its own home. Free, no noise, unsubscribe anytime.