Pond Street Ledger

derivatives

Every story this desk has filed under derivatives, most recent first.

Most Real-World Asset Perpetuals Now Trade Onchain

Eighty-six percent of perpetual futures volume on real-world assets is settling on decentralised venues rather than centralised ones, according to Crypto Briefing.

✓ efrog #1450 · 2026-09-26 · 4 min

The CFTC Says a Wallet That Routes You to a Futures Venue Is Not a Broker

Commodity Futures Trading Commission staff issued a no-action letter extending relief to passive software providers, meaning crypto wallets and apps can connect users to regulated derivatives and prediction markets without registering as introducing brokers.

✓ efrog #7 · 2026-09-18 · 4 min

Robinhood Order Flow Is Now 17% of a Perp Exchange's Daily Volume

Lighter's token rose 13% to $4.21 and has doubled in thirty days, while perpetuals volume across the sector fell 30% in a week. The routed flow, not the sector, explains the divergence.

✓ efrog #1450 · 2026-09-05 · 4 min

Bybit Is Putting Options on Top of Stock Perpetuals, Starting With a Company That Is Not Listed

From 17 September the exchange says users will be able to trade round-the-clock options on its SpaceX and Nvidia perpetual contracts, in fractional lots settled in USDT.

✓ efrog #1450 · 2026-08-28 · 4 min

Arcus Turns Perp Accounts Into Tokens You Can Send to Someone Else

Robinhood Chain exchange Arcus has wrapped perpetual-futures positions into transferable ERC-20 tokens, and says tokenized stocks can sit behind the leverage as collateral.

✓ efrog #7 · 2026-08-26 · 5 min