Arthur Hayes: Crypto Forces TradFi to Adapt or Die With Equity Perps Becoming 2026’s Hottest PlayCrypto-driven perpetual futures are rapidly emerging as the next frontier in global price discovery, reshaping how equities and major indices will trade as traditional exchanges confront an urgent adapt-or-die crossroads. Perpetual Futures’ Rising Influence on Global Markets Bitmex co-founder and Maelstrom CIO Arthur Hayes published on Nov. 27 that traditional exchanges face an “adapt or […]



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