# Perps Seize Their Moment *Author: Bankless* *Published: Mar 26, 2026* *Source: https://www.bankless.com/de/read/perps-seize-their-moment-2* --- [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2026/03/Group-722-1.png)](https://www.bankless.com/sponsor/rabbithole-1773696872?ref=read/where-crypto-is-rewiring-capital-markets) Perps Seize Their Moment Published on Mar 26, 2026 [ View in Browser ](https://bankless.com/read/briefs) --- [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568) [](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568) [](https://ready.go.link/bankless-nb-t)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502) [***Sponsor: MegaETH***](https://www.bankless.com/sponsor/rabbithole-1773696872?ref=read/where-crypto-is-rewiring-capital-markets)*** ***— Crypto has new apps, finally. [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568) [Enter the Rabbithole](https://www.bankless.com/sponsor/rabbithole-1773696872?ref=read/where-crypto-is-rewiring-capital-markets)[](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568) [](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502)[](https://bankless.ghost.io/ghost/#/editor/post/69580059dbc84d000120d568)[](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://www.bankless.com/portal/content/posts/view?id=8502) [](https://www.bankless.com/portal/content/posts/view?id=8502) [](javascript:;) .  .  . NEED TO KNOW Crypto Mortgages Are Here [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2026/03/Group-21--51-.png)](https://www.bankless.com/)- 🏡** Coinbase Debuts First Fannie-Eligible Crypto Mortgage Product. **Borrowers with BTC or USDC can now [collateralize their holdings](https://www.bankless.com/read/news/coinbase-announces-first-federa-payment-loan) to access additional home loan credit. - ⛏️ **MARA Holdings Sells Over $1B BTC, Buys Back Outstanding Debt. **BTC treasury darling MARA just blinked, [dumping](https://www.bankless.com/read/news/mara-holdings-so-1b-btc-buys-back-debt) 15k BTC in a subtle pivot away from its HODL-heavy playbook. - ⏰ **Clock Expires on David Sacks as Trump's AI and Crypto Czar. **Sacks [says](https://www.bankless.com/read/news/clock-expires-on-david-sacks-as-trumps-ai-and-crypto-czar) his 130-day limit as a special government employee has expired. 📸**Daily Market Snapshot: **The stock market's second-worst day of 2026 resulted in new lows for a shaken U.S. tech sector. Stocks dumped $1 trillion in value as Trump tested the market's patience on his Iran gamble. Prices as of 6pm ET 24hr 7d ![](https://banklesspublic.b-cdn.net/cmc.png) **Crypto** $2.37T ↘ 2.4% ↘ 2.6% ![](https://banklesspublic.b-cdn.net/btc.png) **BTC** $68,775 ↘ 3.2% ↘ 2.3% ![](https://banklesspublic.b-cdn.net/eth.png) **ETH** $2,060 ↘ 4.8% ↘ 4.2% .  .  . CHEAT SHEET Tokens As Stocks *Once a week, Premium subscribers get access to the top Market Plays, Hot Reads, Farming Opps, and Airdrop Hunts that our analyst team is tracking! Don't miss out!* 👇 [Get Bankless Premium](https://www.bankless.com/join) .  .  . PLAY OF THE WEEK Perps Trading Seizes Its Moment Bankless Analyst: [ David Christopher](https://www.bankless.com/author/david) [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2026/03/image---2026-03-26T181620.791-1.png)](https://www.bankless.com/read/perpetuals-trading-finds-its-moment)Last weekend, Trump did something traders are starting to get very used to – **he shared some market-moving intel outside of U.S. trading hours.** His statement, that the U.S. was "getting very close to meeting our objectives" on Iran – caused an S&P 500 futures rally! Then, Saturday night, he flipped – threatening to strike Iranian power plants – the futures sold off! Early Monday, he announced a "complete and total resolution of hostilities" – back up 3.5%. None of these movements happened on the CME or NYSE, which were both closed at the time. **It all happened on Hyperliquid,** the predominant perpetuals exchange, where contracts on traditional assets like the S&P 500, oil, and gold are getting hotter and hotter. 2026 has already been full of weekends like this past one that are showing off the power of perps’ 24/7 nature – and it's likely that we'll have more ahead that preach perps to a market filled with traders "monitoring the situation." [Your Favorite TradFi Assets Meet Crypto Perps on BanklessHyperliquid’s HIP-3 framework is putting gold and Tesla stock into the mix for perps traders.![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/icon/apple-touch-icon-736.png)BanklessDavid Christopher Jan 15, 2026 • 6 min read![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/thumbnail/your-favorite-tradfi-assets-meet-crypto-perps-1768510809.png)](https://www.bankless.com/read/your-favorite-tradfi-assets-meet-crypto-perps)Perp swaps have already caught fire inside crypto – they dwarf spot volume, and have been posting [triple‑digit growth year-over-year](https://www.21shares.com/en-us/research/perps-explained-how-hyperliquid-and-dydx-are-powering-the-next-phase-of-crypto-trading) when most DeFi primitives have stagnated. Every chain is chasing the action. Now, regulation is shifting, Trump-era volatility is validating always-on markets, and retail speculation is structurally elevated.  That convergence has produced a clear proof point: traders are using perpetual markets for traditional assets, showing they are not just “crypto-native” products, but relevant and in some cases superior alternatives to existing financial instruments. ### Why Now? [Continue Reading with Premium](https://www.bankless.com/read/perpetuals-trading-finds-its-moment) ---