Bloomberg Crypto

Crypto Traders Are Turning Into Big Cross-Asset Chasers

Sites like Hyperliquid, Ostium are seeing traditional-asset perps make up a greater share of volume
Photographer: Camilo Freedman/Bloomberg
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Sidhartha Shukla writes about the increased trading of traditional assets on crypto perpetual-futures platforms.

Crypto’s retail traders haven’t exactly left the casino. They’ve just wandered over to a bigger floor.