The systemic-risk debate over perpetual futures is aimed at the wrong target

AI Summary As perpetuals enter regulated markets, critics warn they import systemic risk. But the risk comes from venue design — leverage limits, margin rules, index construction, and default handling — not the contract itself, argues Chris Tyrer, President of Bullish Exchange. fulltext: 267 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.coindesk.com/opinion/2026/07/29/the-systemic-risk-debate-over-perpetual-futures-is-aimed-at-the-wrong-target Source: CoinDesk