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I’ve been watching ALM keep adding more reasons to stick around.
more traders coming in, more products, more ways to trade, more incentives for active users, and now even weekly rewards for top traders/callouts.
the interesting part is that none of this feels like the final form of ALM.
there’s still so much they can build on top of what’s already there.
Can it get better?
yes, and it will
that’s probably the part I’m most bullish on.
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This is actually a pretty big shift in how people can trade traditional markets.
The interesting part isn’t just seeing TSLA, NVDA, AAPL, MSFT etc. show up as perpetuals. It’s the idea of being able to trade these markets around the clock, especially when the biggest moves often happen outside regular market hours.
A company drops earnings after the bell. Trump says something. The Fed makes a statement. NVDA announces something unexpected. Markets react immediately, but traditional equity markets are closed.
That gap has always been weird to me.
Crypto already normalized the idea that markets never really sleep. You can react to information at 2am on a Sunday if you want to.
Now bringing that same market structure to single-stock perps could blur the line between crypto-native trading and traditional finance even further.
And with Kraken involved, this is definitely something I’ll be watching closely.
Feels like the next phase of onchain/perp trading is going to be much bigger than crypto assets alone.