Bloomberg: Perps Are Bringing Blockchain to Stocks, Metals and Oil
- —Crypto perp open interest is $67–81 billion; non-crypto perps total about $9 billion
- —Hyperliquid open interest rose from ~$13 billion in late August to over $18 billion in September
- —Bloomberg Terminal started streaming Hyperliquid perp prices on October 5–6
- —Ripple Prime moved into perpetual swaps on real-world assets for institutions
Why it matters: A crypto-native product is spreading into a $62 trillion market, reshaping settlement and risk management for traders and intermediaries.
Source: Crypto Briefing