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The smart money is done with crypto gambling. Now they're betting on the dealers
The Fed needs a 24/7 system for banks to move cash. This futures contract could be the answer. There's a financial instrument doing $160 billion in daily trading volume - three times bitcoin's (BTCUSD) daily spot trading volume - $58.5 trillion in 2024 alone. It's called a perpetual future, and until Coinbase Global (COIN) received CFTC approval last July, it was effectively unavailable to American retail investors, which means it was generating obscene profits everywhere else while Americans were stuck with plain vanilla futures and limited leverage options. What the heck is a perpetual future? Picture a futures ... (full story)
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