Ondo Perps CEO Eyes US Market Potential for Perpetual Futures

Ondo Perps CEO David Wells identified the US as a significant opportunity for perpetual futures, though he did not confirm plans for a domestic launch. Ondo Finance and Oasis Pro have petitioned the SEC and CFTC, arguing that cash-settled perpetual futures can operate under existing US securities laws without new legislation. Currently, the offshore platform, which reached $8 billion in cumulative trading volume by mid-August, remains restricted to non-US users. The platform recently expanded its offerings to include spot trading for 12 tokenized stocks and ETFs.