Open interest in regulated cryptocurrency futures contracts reached a record $34 billion this week. The surge underscores a broader shift away from unsegregated offshore exchanges toward onshore, compliant trading venues.
Institutional Hedging Strategies Mature
Asset managers are expanding their usage of structured derivatives to mitigate spot price risk. Basis trading—capitalizing on the yield gap between spot and futures prices—now accounts for an estimated 35% of institutional order flow in top-cap digital assets.