Can stocks have “perpetual futures” too? U.S. regulators gave the first clear signal this week.
According to the CFTC, single-stock perpetual futures have been approved for listing on a registered U.S. exchange for the first time. The product is classified as a security future and remains subject to the CFTC, SEC, and federal securities laws. A product format long associated with crypto markets has officially entered the traditional stock derivatives framework.
That same week, according to media outlets including Decrypt, ICE, the parent company of the NYSE, partnered with TradeXYZ, with plans to bring Hyperliquid-based perpetual futures to U.S. users. ICE will operate the market and clearing and hold a minority stake, pending regulatory approval. Following the news, HYPE rose about 8.8% for the week (Caleb & Brown weekly report).
On the other hand, reports say an industry group has sued to overturn the CFTC’s approval, so the situation remains uncertain. And “approved for listing” doesn’t mean “already launched”—ICE’s proposal has yet to receive final approval.
What to watch: Traditional exchanges are absorbing crypto trading models, and leveraged products are moving toward regulatory compliance. But the risks are also more immediate—perpetual futures come with leverage, and positions can be liquidated quickly when volatility is high.
Do you think single-stock perpetual futures will catch on first in crypto circles or among traditional brokerages?
#永续合约 #Hyperliquid #Crypto News
Sources: CFTC announcement coverage, Decrypt, and Caleb & Brown. Not investment advice.
According to the CFTC, single-stock perpetual futures have been approved for listing on a registered U.S. exchange for the first time. The product is classified as a security future and remains subject to the CFTC, SEC, and federal securities laws. A product format long associated with crypto markets has officially entered the traditional stock derivatives framework.
That same week, according to media outlets including Decrypt, ICE, the parent company of the NYSE, partnered with TradeXYZ, with plans to bring Hyperliquid-based perpetual futures to U.S. users. ICE will operate the market and clearing and hold a minority stake, pending regulatory approval. Following the news, HYPE rose about 8.8% for the week (Caleb & Brown weekly report).
On the other hand, reports say an industry group has sued to overturn the CFTC’s approval, so the situation remains uncertain. And “approved for listing” doesn’t mean “already launched”—ICE’s proposal has yet to receive final approval.
What to watch: Traditional exchanges are absorbing crypto trading models, and leveraged products are moving toward regulatory compliance. But the risks are also more immediate—perpetual futures come with leverage, and positions can be liquidated quickly when volatility is high.
Do you think single-stock perpetual futures will catch on first in crypto circles or among traditional brokerages?
#永续合约 #Hyperliquid #Crypto News
Sources: CFTC announcement coverage, Decrypt, and Caleb & Brown. Not investment advice.
