Galaxy's Mike Novogratz Names Crypto's Next Big Idea: Details

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News In a recent tweet, Galaxy CEO Mike Novogratz, who is also an early Bitcoin investor, hints at the next big trend for the crypto market. Advertisement In a tweet, Novogratz calls "perp equities" a big idea, saying "crypto loves leverage." Perpetual Futures (PERPs) allow for continuous trading without expiry, using funding rates to keep prices aligned with spot markets while allowing leverage as high as 500x. HOT Stories Morning Crypto Report: XRP Bags $164 Million for ETF, Shiba Inu (SHIB) to Lose Zero, Insane $1.75 Billion Option Bet on Bitcoin Price to Rise Portnoy Teases XRP Bears: 'Imagine Not Buying the Dip?' Crypto Market Prediction: $1,400,000,000 Bitcoin (BTC) Carnage Over, Ethereum (ETH) Crash Might Not Stop, Shiba Inu (SHIB) Market Collapse Ending Famous Short Seller Mocks Saylor for Not Buying Bitcoin Dip Some decentralized exchanges already offer perpetual futures on U.S. stocks with high leverage and indexes with leverage up to 50x, which are already gaining interest on the market. Advertisement In just 24 hours after its launch, Hyperliquid’s equity perpetuals (equity perps) generated nearly $100 million in trading volume. In just 24 hours after its debut, Hyperliquid’s equity perpetuals (equity perps) generated nearly $100 million in trading volume, reflecting a broader appetite for leverage on modern markets. Equity perps gain an advantage as they evolve traditional equities market into a 24/7, fully on-chain trading ecosystem. Some analysts predict that global equity perps may represent crypto’s most significant growth opportunity over the next 12-18 months, potentially outpacing stablecoins. As trading begins to follow the sun, PERPs tied to well-known equities might see increasing adoption in the days ahead. Given their 24-hour nature and high leverage, these instruments can amplify volatility across both derivative and spot markets. Galaxy's focus on crypto and AI In May, Galaxy Digital listed on the Nasdaq, marking a significant milestone. The crypto investment company, which also specializes in artificial intelligence data center infrastructure, had previously been listed on the Toronto Stock Exchange before debuting on the Nasdaq. "I think we're at the beginning of the race, not the end of the race," Novogratz stated shortly after the listing. Galaxy’s value now hinges on two high-growth areas: crypto and artificial intelligence, with Novogratz highlighting these as the two most exciting growth areas in markets. #Mike Novogratz #Cryptocurrency #Galaxy Digital