CFTC clears stock perpetual futures for trading on US exchanges
Summary
The CFTC says perpetual futures tied to individual stocks are approved to trade on US exchanges registered with both the CFTC and SEC. The contracts let traders speculate on prices without owning shares or facing an expiration date, extending a product popularized in crypto markets into equities. Coinbase, Kalshi, Kraken parent Payward and OG.com have previously sought approval for such offerings, but the CFTC gave no details on which exchanges will launch or when. The move comes amid legal disputes over how crypto perpetual futures should be classified, including a CME Group lawsuit challenging the CFTC’s authority and regulatory approach.
