New Releases in Crypto: Perpetual Futures Expected to Explode

HaBy...DGB1

23 Sept 2025

Perpetual futures have quickly become a fundamental part of cryptocurrency trading, enabling users to speculate on prices of assets without there being an expiration. Perpetual futures act like a traditional futures product but roll over indefinitely, providing exposure to volatile assets like Bitcoin and Ethereum. As crypto continues to expand in 2025, new releases in crypto perpetual futures have been noted by retail and institutional users. These platforms are providing new versions to aid in enhanced liquidity, lower costs, and to provide opportunities for users to integrate with decentralized systems, helping to track explosive growth in this futures-based derivative.

The demand for perpetual futures exists because of their opportunities for users to hedge their position and opportunities for using leverage. While these users can speculate on the upward or downward movement of the price of an asset, a user can amplify their gain or protect against downside. The total volume of crypto derivatives volume is over $10 trillion annually (according to various crypto trading and volume benchmarks), and perpetual futures are the majority of the derivatives trading activity. New developments, including laws and regulatory approvals for perpetual futures, as well as the new technology as a new durable model, is paving the way for a wider access product. Investors looking for new releases in crypto should focus on well-maintained examples with lesser fees to stand out in this marketplace.

The foundational period of growth is dovetailing with a greater maturing of the market where exchanges are becoming competitive in creating sub-products. A point of differentiation for exchanges now is their ability to provide access to various differentiated products and services. Increased activity and function is being driven by increased trader access to crypto derivatives products which is now seen in the rise of perpetual features taking up a greater share of total volume of derivatives directed towards bitcoin, now accounting for over 60% of total futures volume (as of previous years). As other models are effectively scaling product offerings, offering improved throughput of pools like Ethereum Layer-2, perpetual futures contracts will get better, cheaper, and faster. The following sections break down the mechanics, highlight launches, with user guides for new engagement in what better informs readers navigating this space.

Explanation of Perpetual Futures

Perpetual futures are contracts to buy or sell an asset at a predetermined price, but without a settlement date. Funding rates are variable and occur every eight hours, assuring that the price of the contract is near the price in the spot market. By consistently allowing for these adjustments, it negates significant price adjustments and allows for fair trading.

In the crypto space, these contracts are typically margined in stable coins like USDT or USDC, and traders have the option for leverage up to 100x in some cases. The trader sets collateral to initiate trade positions, and liquidation occurs when the loss exceeds the maintenance margin. Perpetuals are different from other types of futures as they have no expiration and allows for holding an open position indefinitely which means this product is catered for long term trading strategies.

Key elements include:

Index price: The index price is equivalent to the aggregated price of one or multiple exchanges spot price.
Mark price: This is what is used to calculate the unrealized profit/loss of the perpetuals and are used to avoid manipulation (losses/wins).
Funding rate: The funding rate is a positive payment or negative payment between long and short holders.

It is important to understand these elements if interested in exploring new launches around crypto perpetual futures or traditional perpetual futures. The CME Group has a derivative glossary which has a substantial amount of information about traditional futures products that allow for a deeper understanding with elements similar to crypto perpetual futures.

Reasons for Growth

There are many reasons as to why the expansion of perpetual futures is occurring in 2025. One reason is the acceptance of institutional money which has increased, as organizations are looking to have regulated allocation into crypto. With the CFTC approving the derivatives for BTC and ETH, the confidence in this product has increased with regulatory clarity.
Technology has a role to play, in terms of decentralized offerings using Layer-1 and Layer-2 solutions to allow almost gas free trading. Traditional centralized exchanges have significant fees, and decentralized platforms have already shown a 150% increase in year over year volume to the perpetual market.

Economic reasons are also contributing. As Bitcoin has crossed the $100K threshold, traders are using perpetuals to generate leveraged long exposure in bull market conditions. Furthermore, inflation hedges through commodities-linked crypto perps offer additional diversification.

Some drivers for this recent boom include:

Enhanced liquidity resulting from increased activity by market makers.
Seamless wallet integration for easy access.
Cross-chain compatible products appealing to a wider user base.
AI-powered analytics are offering the potential for improved risk management.

Collectively, these developments indicate an impending boom for perpetual futures, and new launches in the crypto space continue to drive interest and accessibility.

Recent and Upcoming Launches

Indeed, 2025 has already been a highly active year in the perpetual futures space, as new products have been deployed to meet growing demand and attract new users. Both centralized and decentralized exchanges continue their efforts to innovate and secure larger portions of market share.

MetaMask and Hyperliquid Integration

MetaMask, the Ethereum wallet that has surpassed 30 million users, is in the process of integrating perpetual futures trading from Hyperliquid--the first in-wallet trading experience for decentralized pubs--with functionality to deposit USDC, set leverage, execute orders, and see estimated fees in real-time without switching apps. Given the launch timeframe, we could expect to see an official announcement for a Token2049.

Hyperliquid, a notable player with a 70% share of all perps and a leader of perpetual futures execution, has an intuitive interface as well as gasless settlements on its own Layer-1 blockchain, which makes it attractive to retail traders. For more information about building with Hyperliquid, visit their dev docs.

Cboe Continuous Futures

The Cboe has announced that it is working on a continuous futures-type product for Bitcoin and Ether in the U.S. market; granted, it is dependent on approval from the U.S. regulator, the CFTC, and is tentatively scheduled to launch on November 10, 2025, and provide an alternative for those who prefer a U.S.-regulated onboarding trading experience. This product would be similar to perps with 24/7 trading capability and seeks to fill identified gaps of existing products on the market. The recent launch follows a CFTC permission notice on similar offerings, which is significant, as it is a milestone in the area of derivatives for institutional investors. Traders will benefit from Cboe's institutional-grade infrastructure that known for its low latency and compliance. More details are available on Cboe's investor relations page.

LMAX Perpetual Futures Offering

LMAX Group has also launched perpetual futures, which are BTC and ETH pairs to their current suite of futures for institutional customers. LMAX has a strong commitment to provide more pairs in the future. This offering will have a strong focus of liquidity and transparent execution. Perpetual volumes continued to dominate the crypto trading market at 68% for BTC, thus LMAX is well-positioned for this launch.

The company's regulatory status is strong consideration for firms, therefore the sell offer will be something firms who are apprehensive of decentralized risk. In addition to careful liquidity management, products will be accompanied by notable borrowing margin, significant price discovery features, market-neutral strategies, and low slippage ensure these trades are most efficient.

Binance Ongoing Contract Additions

Binance Futures continues to expand the product offering, and just recently offered USDS-margined contracts on new contracts, likely for tokens: ASTERUSDT and TRADOORUSDT, which launched on September 19, 2025. In addition to supporting emerging tokens with leverage, there are quality products supporting the newest offerings with up to 50x leverage.
The ASTER perpetual saw a 400% increase since its launch, likely due to support from Binance's CEO. Products of this nature run on the continuing roadmap for Binance in there efforts to give the market variety of available perpetual contracts.

Other Emerging Platforms

Tron supported by Justin Sun launched perps trading thread despite increasing scrutiny from the U.S. in regards to crypto. Also on September 18, 2025 Coinbase supported the launch of perpetuals on the following tokens; AVNT, WLFI. As a leader in decentralized crypto trading, dYdX recently launched perpetuals with substantial leverage and are already being considered by Coinbase for support for listing some tokens.

These continued future launches highlight the light of competitiveness in the market, particularly with FTX markets and other exchanges emerging with more offerings.

Trading Perpetual Futures

In order to trade perpetuals, your first step will be to find a platform that can support the assets you wish to hold for a perpetual contract. KYC (Know-Your-Customer) while decentralized exchanges, such as Hyperliquid, facilitate trading information through wallet connections. The process generally consists of lending collateral to fund and commence trading with, inputting leverage and position type choice, being cognizant of daily financing rates to ensure a surprise in financing costs, and finally, placing stop-loss orders to establish the desired level of risk management. While platforms such as TradingView are excellent tools for analyzing future assets; it is suggested that a person new to perpetual futures begin trading with lower leverage in order to understand how future leverage systems operate.

Advantages for Building a Market

Perpetual futures, as well as synthetic futures, provide an opportunity for voluntarily enhanced liquidity to trade in and out swiftly with a surplus of market volume, in order to hedge your spot market volatility and positional portfolio management. In addition, institutional participants have a numbered place to hedge their pricing and risks in step with other financial institutional products, such as the Cboe Exchange regulated product offering. On the other hand, retail market participants can take advantage of available liquidity, leverage, and access to trade these options markets 24/7.

List of Benefits of Trading Perpetual Futures from Your Crypto Platform of Choice

Tied to underlying assets, which allows for simple smooth holding without expiration.
The financing rates incentivize rally value and reduce volatility. (i.e. this may take value away if sold longer.)
The asset diversification from ALTS opens up a whole other universe of engagement, that is hard to get involved with; the networks are being built out slowly but surely.
DeFi functionality; allows protocols to integrate with DeFi systems via yield farming.

It is incentives such as these which will lead to more participation of trading perpetual futures across markets from crypto launches.

Potential Disadvantages of Trading with Perpetual Futures

As a high leverage trading instrument, it can create levels of highly correlated losses. This can be expressed in risk analysis terms; rapidly liquidated in volatile markets within minutes, and even seconds in increasing leverage. In addition, with every use-cases there is often relevant counter party potential; funding fees end up making profits evaporate in possibly non-proportionate amounts due to token price to funding rates over an extended period.
With decentralized perpetuals, the most risky potential counter-party is oracles, as crypto networks may design systems utilizing oracle prices, creating significant risks; risks of counterfeiting, altered high greed margins of stolen protocol provided tokens.

Regulatory uncertainties and their impacts, such as the ability to operate under applicable leverage and protocols under the CEA, particularly in states with lagging or limited registration options.

Considerations:

Counter party risk potential with centralized exchanges.
Gas! Fees trade against upside price movements and spend down crypto balances.
Existence of the above could leads traders to over trade; always being able to trade may be too enticing to avoid; which is a potential to create recklessness in making the right trading decision.

Looking beyond these considerations is good to know, as there are steps you can take as user to be cognizant of potential concerns.

Navigating Regulation

The CFTC (Commodity Futures Trading Commission) was a U.S. regulator that provided oversight of trading in futures, which also approved registration on numerous CFTC products available on exchanges such as, Coinbase Derivatives Exchange. Many other exchanges worldwide were offered tokens exchanges or Trading C4 Products with regulation. These exchanges may impose rules, including for approval of user protection, which are different from their operational code of exchange. Regulation on both sides of the Atlantic has developed to provide improved oversight, with the European Union encouraging more transparency. Other cutting-edge companies prioritize user-familiar process to be in compliance with activity. Overall, for users when trading crypto futures; you may need to be aware of future markets to compliance with your operational countries, as they turn into the arenas of negotiating the regulation.

Final Summary

Essentially launching formal crypto future trading offers newfound potential re-organization and new possibilities, with enhanced tools to enhance fundamental speculation. Between MetaMask own integration to defined protocols to trade, including stable exchanges like Cboe Exchange products offer additional alternatives for user experiences and trade incentives to work towards; vast ether protocols developing on underlying blockchain networks create the ideal encrypted opportunities from finance to crypto.

While there are being offered new launch interest earns, traders slightly realize and may not fully get an accurate gap in awareness what tools to triage other than early on launch based or ICO hybridism; there may be less awards in gaining value in token trading as much are custom types leveraging when defining choice.

We stand at the intersection for more than expected on the expanding as with added experience token protocols offered by their ignited trading features alone overall usage.
In time, the value of perpetual futures will continue to accelerate due to acceptance of both the advance of user technology; the product will continue to develop along the inherent new man known as the Internet; as old tools fade periodically.