derivatives

Ondo Perps CEO sees major US opportunity for perpetual futures, but no launch confirmed

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Ondo Perps’ CEO said the U.S. market presents a “huge opportunity” for perpetual futures, while no U.S. launch has been confirmed. The company is described as an offshore perpetual futures platform for tokenized assets, and the CEO said any onshore version would need a different settlement and clearing structure to fit local rules. U.S. regulators and several firms are testing how perpetual futures could enter domestic markets.

Key claims & sources

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U.S. regulators and several firms are testing how perpetual futures could enter domestic markets.
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Ondo Perps’ CEO said the U.S. market offers a “huge opportunity” for perpetual futures, while no U.S. launch has been confirmed.
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Ondo Perps is described as an offshore perpetual futures platform for tokenized assets.

What it means

Users, trading firms, and regulators watching perpetual futures in the U.S. are the groups that would notice this most immediately. It signals that the market discussion has moved to whether an onshore version can fit local rules, while no U.S. launch has been confirmed yet.

In practice, the setup is not the same as before because an onshore version would need a different settlement and clearing structure. The offshore platform described here already exists, and that part of the business remains separate from any confirmed U.S. rollout. (per cryptobriefing.com)

Market reaction i

OndoONDO the event is about this asset
first headline
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$0.5208price at publication
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Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Sep 29 10:57
+1 min
Sep 29 10:58
The Block context
Its angle: regulators, comment, several
+3 h 55 m
Sep 29 14:52
Crypto Economy adds
Adds $14B and $100M, with quotes