Perpetuals could complement traditional markets rather than drain liquidity, analysis finds

24th August, 2026

Narayani Srinivasan
Digital network visualisation with interconnected nodes and binary code on blue background.

A study examining Bitcoin and crude oil markets found little evidence that perpetual futures undermine established futures exchanges, while suggesting they can expand hedging access and extend price discovery beyond traditional market hours.

Unlock this article and access more with a free trial

Access this article plus the full FOW Intelligence platform, featuring timely insights, expert analysis, and comprehensive volumes data from 100+ exchanges. Everything you need to make informed decisions.

  1. • Actionable insights across global futures and options markets
  2. • Volumes and open interest data from 100+ exchanges
  3. • Expert analysis to support smarter trading decisions
  4. • Trusted by financial professionals for 29+ years
ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
Already have an account?