Former FTX US President Brett Harrison to Launch Perpetuals Exchange

Why It Matters

By bringing regulated, crypto‑style perpetual contracts to traditional assets, Architect could draw institutional investors and deepen the integration of digital derivatives into mainstream finance, intensifying competition in the burgeoning perpetuals market.

Summary

Former FTX US president Brett Harrison announced the launch of Architect, a Bermuda‑registered perpetual derivatives exchange branded AX that will trade perpetual futures on stocks, indices, interest rates and commodities using a central‑limit‑order‑book model with centrally cleared, anonymous matching. The platform aims to operate under regulated licenses, positioning itself as a compliant alternative to existing crypto‑centric venues. Its debut arrives as 2025 sees a surge in traditional‑asset perpetuals, with more than $5 trillion traded on decentralized platforms this year, outpacing the cumulative $4.2 trillion volume of prior years. Architect joins rivals such as Robinhood and Hyperliquid in a race to capture market share in this fast‑growing segment.