THE EVOLUTION OF PERPETUALS 📈
1992 — Economist Robert Shiller proposes perpetual futures.
2016 — BitMEX introduces Bitcoin perpetual swaps.
2020–23 — Perps expand across decentralized crypto exchanges.
2025–26 — Perpetuals move beyond crypto into traditional financial markets.
NOV 2026 — Kalshi launches single-stock perpetuals in the US.
From a theoretical concept to a new era of trading.
What's next?