US OPENS THE DOOR TO PERPETUAL FUTURES ON SINGLE STOCKS
🏛️ Approval: The CFTC, the US futures markets regulator, has approved perpetual futures tied to individual US stocks, letting investors take positions on price moves in either direction with no expiry date.
📜 Framework: The contracts were deemed approved under Regulation 40.3, classified as security futures, under the joint oversight of the CFTC and the SEC.
🏢 In line: Since September, Coinbase, Kalshi and Kraken's Bitnomial have filed proposals, with OG.com following days later, but the CFTC named no venue and no launch date.
⚖️ Lawsuits: CME Group sued the CFTC in June, arguing the contracts need tighter rules and the agency overstepped its authority, while the CFTC says CME proved no harm. On approval day, the Capital Markets Alliance, backed by Cboe and Citadel Securities, also sued to overturn the decision.
💬 A product native to crypto is now entering US equities, but leverage is capped near 6.5x, trading hours are narrower, and the lawsuits could slow the first day of trading.
$BTC $ETH $BNB
🏛️ Approval: The CFTC, the US futures markets regulator, has approved perpetual futures tied to individual US stocks, letting investors take positions on price moves in either direction with no expiry date.
📜 Framework: The contracts were deemed approved under Regulation 40.3, classified as security futures, under the joint oversight of the CFTC and the SEC.
🏢 In line: Since September, Coinbase, Kalshi and Kraken's Bitnomial have filed proposals, with OG.com following days later, but the CFTC named no venue and no launch date.
⚖️ Lawsuits: CME Group sued the CFTC in June, arguing the contracts need tighter rules and the agency overstepped its authority, while the CFTC says CME proved no harm. On approval day, the Capital Markets Alliance, backed by Cboe and Citadel Securities, also sued to overturn the decision.
💬 A product native to crypto is now entering US equities, but leverage is capped near 6.5x, trading hours are narrower, and the lawsuits could slow the first day of trading.
$BTC $ETH $BNB
