CryptoFortuneabout 2 hours ago
The rise of financial nihilism in retail traders
5 min read
Retail investors increasingly favor zero-sum derivatives like zero-date options, perpetual futures, and prediction markets over positive-sum ETFs. The CFTC approved perpetual futures in June, and the U.S. market already surpasses $10 billion in daily volume on Kalshi and Coinbase. This behavior risks negative net returns after fees.
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