Maybe we were wrong about blockchain, Bloomberg suggests, as perps go mainstream

Perpetual futures are pulling crypto trading infrastructure into stocks, metals, and oil, and Wall Street is starting to pay attention Bloomberg is floating a different idea about blockchain in traditional finance. The reason is perpetual futures, or “perps,” a crypto-native trading product that is moving into markets for stocks, metals, and oil. A traditional futures contract is a bet on a future price with a fixed end date. A perpetual future drops the end date. Traders can hold a leveraged position for as long as they like. BitMEX popularized the product in 2016.

Source: Crypto Briefing