Everyone has the perps convergence backwards
CoinDesk·
60-second summary
Gracy Chen, Bitget CEO, argues that crypto is actually moving away from Wall Street's model, contrary to popular belief. The largest crypto market, spot trading, is growing, but this is driven by institutional investors seeking yield, not by a desire to replicate traditional finance. This divergence indicates a unique path for crypto, distinct from Wall Street's conventional norms.
Crypto is said to be growing up to look like Wall Street. The evidence in its biggest market points the other way, argues Bitget CEO Gracy Chen.