How to choose a crypto prop firm: three structural tests

The article outlines structural tests for evaluating crypto prop firms, beginning with whether trades execute on a real order book or in a simulation. It argues that crypto-native perpetuals traders benefit most from a crypto-first structure with verifiable payouts. As an example, it cites HyroTrader as a crypto-only firm offering USDT perpetual futures, with no forex pairs, indices, or metals.