# Crypto Perpetuals Spread to Compute and Traditional Assets

Crypto venues will keep listing perpetual futures on non-crypto underlyings such as GPU rental rates, equities and commodities. Perpetual contracts become a general-purpose leverage wrapper for assets whose traditional derivatives markets are thin or closed to retail. That will repeatedly draw derivatives regulators into questions of venue registration and contract approval.

- Conviction: 35 / 100 (forming)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-10-27T00:00:00.000Z
- Last updated: 2026-10-27T06:37:43.956Z
- Canonical: https://polylog.news/crypto/trends/perps-expand-to-non-crypto-underlyings
- Publisher: Polylog
- Affected regions: Global

## Recent evidence

- [confirms] Kraken's parent seeks to run the first regulated US perpetuals market on Hyperliquid as GPU-rental and traditional-asset perpetuals spread (2026-10-27): Injective listed a 10x perpetual on rental prices for five Nvidia chips and Binance added traditional-finance contracts, as Kraken's parent seeks a regulated US perpetuals venue on Hyperliquid.