Annanay Kapila
25 Jan 2026Davos 2026 Reactions, EU INC goes Mainstream, Nihilist Penguin, Ryanair Vs
59:3627 min
Annanay Kapila on QFX, 24/7 Markets & Token Launches
Annanay Kapila, co-founder of QFX, a 24/7 brokerage for high-leverage trading of equity perpetuals, explains how the exchange works using stablecoin and crypto-based risk and settlement technology without underwriting risk itself, marketplace-style. He covers the upcoming Monday launch, his background at Flow Traders and Tower Research, how prediction markets like Polymarket and Kalshi are changing price discovery, and predicts more non-crypto companies will do token launches instead of IPOs, touching on Robinhood's tokenized OpenAI and Anduril exposure and the murky SPV market.