A new type of crypto exchange called Rails is launching in the U.S. this week. Backed by $20 million in funding, including $14 million in new token warrants, Rails wants to stand out in a crowded field by offering U.S. traders a popular but hard-to-access type of asset: perpetual futures, or perps.
Perpetual futures are a crypto-specific type of derivative and have been offered for years at offshore exchanges, but not in the U.S. until recently due to regulatory uncertainty.
