News
Public · Published
CFTC clears stock perpetual futures for trading on US exchanges
The Commodity Futures Trading Commission said perpetual futures tied to individual stocks can begin trading on regulated US exchanges. Chairman Michael Selig said the contracts were deemed approved under CFTC Regulation 40.3 and may be offered on exchanges registered with both the CFTC and SEC.
Published:
Updated:
What happened
The Commodity Futures Trading Commission said perpetual futures tied to individual stocks can begin trading on regulated US exchanges. Chairman Michael Selig said the contracts were deemed approved under CFTC Regulation 40.3 and may be offered on exchanges registered with both the CFTC and SEC.
Confirmed
Global impact / market context
Perpetual futures let traders bet on a stock's price without owning it or facing an expiry date, a product common in crypto. Allowing them on regulated US venues shifts activity away from offshore platforms and can change how investors position in single stocks.
Analyst inference
The decision follows September filings by Coinbase, Kalshi and Kraken parent Payward, through its Bitnomial exchange, seeking approval to offer perpetual futures tied to individual US stocks. This extends a crypto-style product into traditional equities under US oversight.
Analyst inference
What to watch
- Coinbase, Kalshi and Kraken parent Payward, through its Bitnomial exchange, filed in September to offer perpetual futures tied to individual US stocks. Confirmed
- Exchanges registered with both the CFTC and SEC may offer these contracts, so watch which venues apply and launch products for retail and institutional traders. Proposed
- Watch whether trading moves from offshore venues to US exchanges, and whether demand for borrowed money and single-stock exposure changes as a result. Analyst inference