Pre-and post-IPO perpetuals surge to $393 billion

14th September, 2026

Narayani Srinivasan
techgig

The nascent market for perpetual futures tied to private companies has expanded rapidly since May, with Binance, OKX and Hyperliquid emerging as the leading venues, according to a FalconX report.

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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
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