Wall Street just borrowed crypto's favorite toy.
The CFTC cleared perpetual futures on individual US stocks for CFTC-registered exchanges. The same no-expiry contract crypto traders have used for years.
And it's already in court: a Citadel-backed group has sued the CFTC, arguing these products belong under the SEC.
Kraken's reply to the news? "coming soon 👀"
Win for crypto, or Wall Street taking it over?
via CoinDesk, The Block, The Defiant
#PerpetualFutures #CFTC
The CFTC cleared perpetual futures on individual US stocks for CFTC-registered exchanges. The same no-expiry contract crypto traders have used for years.
And it's already in court: a Citadel-backed group has sued the CFTC, arguing these products belong under the SEC.
Kraken's reply to the news? "coming soon 👀"
Win for crypto, or Wall Street taking it over?
via CoinDesk, The Block, The Defiant
#PerpetualFutures #CFTC