The CFTC just cleared stock perpetual futures for trading on US exchanges.
Perps were the offshore crypto playbook. Now the same product is heading onshore, tied to equities instead of coins.
Meanwhile OKX already listed TradFi perps on MURATA, OXY and SMR on Nov 4 (CoinLab).
My take: the line between crypto venues and stock venues keeps blurring. Perp liquidity is the real prize, and it usually follows leverage-hungry traders back to crypto majors like $BTC and $ETH .
What to watch: which US venue lists first, and whether volume stays onshore.
Will stock perps pull volume away from crypto perps by year-end? Yes or no?
#CFTC #Perpetuals #TradFi #Crypto
Perps were the offshore crypto playbook. Now the same product is heading onshore, tied to equities instead of coins.
Meanwhile OKX already listed TradFi perps on MURATA, OXY and SMR on Nov 4 (CoinLab).
My take: the line between crypto venues and stock venues keeps blurring. Perp liquidity is the real prize, and it usually follows leverage-hungry traders back to crypto majors like $BTC and $ETH .
What to watch: which US venue lists first, and whether volume stays onshore.
Will stock perps pull volume away from crypto perps by year-end? Yes or no?
#CFTC #Perpetuals #TradFi #Crypto