Bankless · Tuesday, July 7, 2026
Tushar Jain noted that perpetual futures (perps) have captured the attention of both crypto and traditional finance (TradFi), citing the CME suing the CFTC over onshore perps as evidence of product-market fit. He views this as a positive sign, indicating that incumbents are beginning to feel threatened by the innovation in the space.
“Not just crypto, TradFi too. I mean, you saw this announcement from the CME that they're suing the CFTC for approving onshore perps. And there's nothing that tells you you've hit product market fit more than an incumbent suing to try and protect their monopoly.”
“So I think perps have captured more than just crypto's attention.”