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🔥 The very developers who built the non‑custodial wallets that let you sleep at night are now staring at a CFTC form demanding they wear a broker’s badge. 📊 With #BTC slipping to $75,458 (‑1.47%), market fear at a chilling 28/100, and futures open interest perched at $7.27 B while funding sits at +0.0090% and the long‑short ratio at 3.11, the crypto engine roars on; #ETH drifts at $2,219 (‑1.95%) and #BNB steadies near $693, painting a picture of a market bruised yet defiantly liquid. Yet the draft #CFTC rule aims to force every non‑custodial dev into broker registration, a move that could strangle the #DeFi lifeblood just as smart wallets—four Solana addresses quietly buying +0.1468% each and BSC token AKE spiking +44.3%—are quietly feeding the next wave of on‑chain growth. 💡 The twist? The same bullish funding premium that keeps longs afloat is being pumped by the very smart wallets the regulation seeks to leash. ❓ Will the CFTC’s broker‑registration push drown the next wave of on‑chain innovation, or will developers carve out a new frontier beyond the regulator’s reach?
🔥 The very developers who built the non‑custodial wallets that let you sleep at night are now staring at a CFTC form demanding they wear a broker’s badge.

📊 With #BTC slipping to $75,458 (‑1.47%), market fear at a chilling 28/100, and futures open interest perched at $7.27 B while funding sits at +0.0090% and the long‑short ratio at 3.11, the crypto engine roars on; #ETH drifts at $2,219 (‑1.95%) and #BNB steadies near $693, painting a picture of a market bruised yet defiantly liquid. Yet the draft #CFTC rule aims to force every non‑custodial dev into broker registration, a move that could strangle the #DeFi lifeblood just as smart wallets—four Solana addresses quietly buying +0.1468% each and BSC token AKE spiking +44.3%—are quietly feeding the next wave of on‑chain growth.

💡 The twist? The same bullish funding premium that keeps longs afloat is being pumped by the very smart wallets the regulation seeks to leash.

❓ Will the CFTC’s broker‑registration push drown the next wave of on‑chain innovation, or will developers carve out a new frontier beyond the regulator’s reach?
Hyperliquid Strategies booked $620.6M in Q3 profit — and filed to bring Hyperliquid perps onshore. • Q3 net income hit $620.6M, driven mainly by $803M unrealized gains on HYPE holdings • An HSI subsidiary applied to become a CFTC-registered FCM for permissioned HIP-3* US client accounts Why it matters: A Nasdaq HYPE treasury firm is pairing paper gains with a regulated path for Hyperliquid perps in the US. Source: Securities.io (via company release) Not financial advice. 💬 Does a Nasdaq HYPE treasury filing for a CFTC FCM change how you see Hyperliquid's US path? $HYPE $PURR #Hyperliquid #HYPE #CFTC
Hyperliquid Strategies booked $620.6M in Q3 profit — and filed to bring Hyperliquid perps onshore.

• Q3 net income hit $620.6M, driven mainly by $803M unrealized gains on HYPE holdings
• An HSI subsidiary applied to become a CFTC-registered FCM for permissioned HIP-3* US client accounts

Why it matters: A Nasdaq HYPE treasury firm is pairing paper gains with a regulated path for Hyperliquid perps in the US.
Source: Securities.io (via company release)
Not financial advice.

💬 Does a Nasdaq HYPE treasury filing for a CFTC FCM change how you see Hyperliquid's US path?

$HYPE $PURR #Hyperliquid #HYPE #CFTC
Anchorage wants a CFTC swap-dealer license for crypto options. • Anchorage Digital Swap Dealer, LLC filed via NFA for CFTC swap-dealer registration; review still open • If approved: European-style BTC and ETH options with maturities up to one year • Growth cited from public companies holding BTC/ETH and funds hedging; volumes not disclosed Why it matters: A federally chartered crypto bank is putting institutional options under the CFTC swap-dealer framework. Source: The Block (exclusive) Not financial advice. 💬 Would a CFTC-registered Anchorage options desk change how institutions hedge BTC and ETH? $BTC $ETH #Anchorage #CFTC #Bitcoin
Anchorage wants a CFTC swap-dealer license for crypto options.

• Anchorage Digital Swap Dealer, LLC filed via NFA for CFTC swap-dealer registration; review still open
• If approved: European-style BTC and ETH options with maturities up to one year
• Growth cited from public companies holding BTC/ETH and funds hedging; volumes not disclosed

Why it matters: A federally chartered crypto bank is putting institutional options under the CFTC swap-dealer framework.
Source: The Block (exclusive)
Not financial advice.

💬 Would a CFTC-registered Anchorage options desk change how institutions hedge BTC and ETH?

$BTC $ETH #Anchorage #CFTC #Bitcoin
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
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
#USClearsSingleStockPerpetualFutures ⚖️ US Stock Perps Went Live, but a Judge Doubts the Legal Basis The CFTC cleared perpetual futures on single stocks on Nov 3, and a judge let trading continue while saying the approval likely exceeded its authority. 🏦 Kalshi, Coinbase Derivatives and Bitnomial won approvals; Kalshi went live ⚠️ Judge: the contracts look like SEC-regulated swaps, not security futures 📅 Defendants' reply is due Nov 6, plaintiffs' Nov 10 Watch next: Cboe and Citadel back the suit; the TRO failed only on irreparable harm. Still trading after Nov 10, or paused by year-end? 👇 $COIN #StockPerps #CFTC #USClearsSingleStockPerpetualFutures
#USClearsSingleStockPerpetualFutures

⚖️ US Stock Perps Went Live, but a Judge Doubts the Legal Basis

The CFTC cleared perpetual futures on single stocks on Nov 3, and a judge let trading continue while saying the approval likely exceeded its authority.

🏦 Kalshi, Coinbase Derivatives and Bitnomial won approvals; Kalshi went live
⚠️ Judge: the contracts look like SEC-regulated swaps, not security futures
📅 Defendants' reply is due Nov 6, plaintiffs' Nov 10

Watch next: Cboe and Citadel back the suit; the TRO failed only on irreparable harm.

Still trading after Nov 10, or paused by year-end? 👇

$COIN
#StockPerps #CFTC #USClearsSingleStockPerpetualFutures
⚖️ CFTC DEMANDS THAT PREDICTION MARKETS EXPLAIN STATE-LEVEL BLOCKS On November 6, CoinDesk reported a new demand from the U.S. Commodity Futures Trading Commission (CFTC). The regulator believes that registered prediction markets, including platforms offering event contracts, should not arbitrarily deny access to customers in individual states. They have 30 days to explain the restrictions or restore access. The problem is that several courts, by contrast, have required certain prediction markets to restrict their operations in some jurisdictions. As a result, market participants are facing conflicting requirements. This is a dispute over the regulation of event contracts, not permission for crypto exchanges to ignore local laws. Source: CoinDesk, November 6. #CFTC #Регулирование
⚖️ CFTC DEMANDS THAT PREDICTION MARKETS EXPLAIN STATE-LEVEL BLOCKS

On November 6, CoinDesk reported a new demand from the U.S. Commodity Futures Trading Commission (CFTC). The regulator believes that registered prediction markets, including platforms offering event contracts, should not arbitrarily deny access to customers in individual states. They have 30 days to explain the restrictions or restore access.

The problem is that several courts, by contrast, have required certain prediction markets to restrict their operations in some jurisdictions. As a result, market participants are facing conflicting requirements. This is a dispute over the regulation of event contracts, not permission for crypto exchanges to ignore local laws. Source: CoinDesk, November 6.

#CFTC #Регулирование
A federal judge has rejected an emergency request to halt US stock perpetual futures but indicated the CFTC likely exceeded its legal authority. #CFTC #RegulatoryRisk ‎
A federal judge has rejected an emergency request to halt US stock perpetual futures but indicated the CFTC likely exceeded its legal authority.

#CFTC #RegulatoryRisk ‎
Article
Wall Street takes perpetual stock futures to courtOn November 3, the CFTC authorized, for the first time, perpetual futures on individual stocks to trade on U.S.-registered markets. That same day, Cboe, Citadel Securities, and the Healthy Markets Association sued the regulator in a federal court in New York to overturn the decision. What the CFTC has approved: 🔹 “Equity Perps” are treated as securities futures, overseen jointly by the CFTC and the SEC. 🔹 Its chairman, Michael S. Selig, argues that if they are not offered in the U.S., investors will end up on unregulated foreign platforms.

Wall Street takes perpetual stock futures to court

On November 3, the CFTC authorized, for the first time, perpetual futures on individual stocks to trade on U.S.-registered markets. That same day, Cboe, Citadel Securities, and the Healthy Markets Association sued the regulator in a federal court in New York to overturn the decision.
What the CFTC has approved:
🔹 “Equity Perps” are treated as securities futures, overseen jointly by the CFTC and the SEC.
🔹 Its chairman, Michael S. Selig, argues that if they are not offered in the U.S., investors will end up on unregulated foreign platforms.
CFTC Regulatory Turbulence Amid Product Approvals and Legal Battles The CFTC faces volatility after clearing stock perpetuals while simultaneously facing a lawsuit. #CFTC #Regulation ‎
CFTC Regulatory Turbulence Amid Product Approvals and Legal Battles

The CFTC faces volatility after clearing stock perpetuals while simultaneously facing a lawsuit.

#CFTC #Regulation ‎
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The clearing rules mentioned only “banks”—now trust companies can settle too: CFTC No-Action Letter 26-30In the clearinghouse’s daily settlements, the rules referred only to banks as “settlement banks”—leaving trust companies caught between the lines for more than a decade. On October 29, Nodal Clear wrote to ask about this, and on November 5, the CFTC’s Division of Clearing and Risk replied with No-Action Letter 26-30: a derivatives clearing organization (DCO) may use trust companies for daily settlements with clearing members, provided they are selected and monitored according to the standards for settlement banks, with compliance assessed under 39.14(c) and (d). The background is straightforward. The Commodity Exchange Act’s customer funds protections already refer to “banks or trust companies”; however, the settlement provisions in Rule 39.14, which took effect in 2011, mentioned only banks. Nodal argued that New York regulates banks and trust companies to a similar degree, and that trust companies are major custodians of digital assets. Bringing them into daily settlements would make it easier to integrate digital asset collateral into existing fund flows.

The clearing rules mentioned only “banks”—now trust companies can settle too: CFTC No-Action Letter 26-30

In the clearinghouse’s daily settlements, the rules referred only to banks as “settlement banks”—leaving trust companies caught between the lines for more than a decade. On October 29, Nodal Clear wrote to ask about this, and on November 5, the CFTC’s Division of Clearing and Risk replied with No-Action Letter 26-30: a derivatives clearing organization (DCO) may use trust companies for daily settlements with clearing members, provided they are selected and monitored according to the standards for settlement banks, with compliance assessed under 39.14(c) and (d).
The background is straightforward. The Commodity Exchange Act’s customer funds protections already refer to “banks or trust companies”; however, the settlement provisions in Rule 39.14, which took effect in 2011, mentioned only banks. Nodal argued that New York regulates banks and trust companies to a similar degree, and that trust companies are major custodians of digital assets. Bringing them into daily settlements would make it easier to integrate digital asset collateral into existing fund flows.
11-03 CFTC Chair Selig: Equity perpetual futures (Equity Perps) may begin trading on U.S.-registered exchanges Must be listed on a CFTC-designated contract market (DCM), with the exchange also filing a notice of registration with the SEC for security futures products Classified as security futures under the CFMA, subject to joint CFTC and SEC oversight Statement cites the precedent of previously approved Bitcoin perpetual futures (KalshiEX BTCPERP) Opening the door ≠ specific contracts are fully listed for retail trading Dual-registered venues ≠ all DCMs have launched equity perpetuals $BTC #CFTC #永续合约 #Regulation
11-03

CFTC Chair Selig: Equity perpetual futures (Equity Perps) may begin trading on U.S.-registered exchanges

Must be listed on a CFTC-designated contract market (DCM), with the exchange also filing a notice of registration with the SEC for security futures products

Classified as security futures under the CFMA, subject to joint CFTC and SEC oversight

Statement cites the precedent of previously approved Bitcoin perpetual futures (KalshiEX BTCPERP)

Opening the door ≠ specific contracts are fully listed for retail trading
Dual-registered venues ≠ all DCMs have launched equity perpetuals

$BTC #CFTC #永续合约 #Regulation
Anchorage Digital Files for CFTC Swap Dealer Registration - Anchorage Digital filed for CFTC registration, citing swap activity exceeding $8 billion - The company's derivatives activity surpassed $8 billion - Institutional investors' demand for options trading surged - The company referenced its corporate Bitcoin and Ethereum holdings #BinanceSquare #CryptoNews #CFTC #AnchorageDigital #BTC ETH $btc $eth vlikevn Titanbot Source: CoinGape
Anchorage Digital Files for CFTC Swap Dealer Registration

- Anchorage Digital filed for CFTC registration, citing swap activity exceeding $8 billion
- The company's derivatives activity surpassed $8 billion
- Institutional investors' demand for options trading surged
- The company referenced its corporate Bitcoin and Ethereum holdings
#BinanceSquare #CryptoNews #CFTC #AnchorageDigital #BTC ETH

$btc $eth

vlikevn Titanbot

Source: CoinGape
Clearinghouses can now use trust companies for end-of-day settlement. Around 11-05, the CFTC’s Division of Clearing and Risk issued No-Action Letter 26-30: DCOs may use trust companies for clearing members’ end-of-day settlement, subject to applying Regulation 39.14(c) and (d) under the standards for settlement banks. The letter was requested by Nodal Clear (for clearing Nodal/Coinbase Derivatives) and is intended to support the use of stablecoins as initial margin collateral. A no-action letter ≠ a Commission rule change; a trust-company settlement route ≠ stablecoin margin is now live. #CFTC $BTC
Clearinghouses can now use trust companies for end-of-day settlement.

Around 11-05, the CFTC’s Division of Clearing and Risk issued No-Action Letter 26-30: DCOs may use trust companies for clearing members’ end-of-day settlement, subject to applying Regulation 39.14(c) and (d) under the standards for settlement banks. The letter was requested by Nodal Clear (for clearing Nodal/Coinbase Derivatives) and is intended to support the use of stablecoins as initial margin collateral. A no-action letter ≠ a Commission rule change; a trust-company settlement route ≠ stablecoin margin is now live.

#CFTC $BTC
Saw this on The Block: Nasdaq-listed Hyperliquid Strategies ($PURR) has applied to the CFTC to register as a futures commission merchant (FCM). If approved, it could custody HIP-3 permissioned perpetuals accounts for U.S. customers within a regulated framework—the underlying infrastructure would still be Hyperliquid’s on-chain setup, just with a compliant access layer on top. The company also reported its quarterly results: revenue of about $13.3 million for the quarter ended 9/30, and net income of about $620.6 million, mainly from roughly $803 million in unrealized gains on its holdings of $HYPE . The company also said there’s no guarantee when the application will be processed or what the outcome will be. As U.S. tech stocks sell off and crypto shakes along with them, some are still lining up to bring perpetuals into compliant U.S. channels. There’s a long way to go, but the direction is pretty clear. #$HYPE #$PURR #CFTC
Saw this on The Block: Nasdaq-listed Hyperliquid Strategies ($PURR) has applied to the CFTC to register as a futures commission merchant (FCM). If approved, it could custody HIP-3 permissioned perpetuals accounts for U.S. customers within a regulated framework—the underlying infrastructure would still be Hyperliquid’s on-chain setup, just with a compliant access layer on top.

The company also reported its quarterly results: revenue of about $13.3 million for the quarter ended 9/30, and net income of about $620.6 million, mainly from roughly $803 million in unrealized gains on its holdings of $HYPE . The company also said there’s no guarantee when the application will be processed or what the outcome will be.

As U.S. tech stocks sell off and crypto shakes along with them, some are still lining up to bring perpetuals into compliant U.S. channels. There’s a long way to go, but the direction is pretty clear. #$HYPE #$PURR #CFTC
HYPE-2.41%
PURRUS+2.37%
Golden Pig’s take: Hyperliquid Strategies, a Nasdaq-listed company, has a subsidiary applying to the CFTC to become a futures commission merchant (FCM). The move is directionally bullish for $HYPE , but an application doesn’t guarantee approval, and I’m not chasing a sell-off low at this level. The primary announcement is very clear: · The subsidiary has submitted an FCM application; if approved, it could provide custody for U.S. customer accounts in HIP-3* permissioned markets on Hyperliquid · The company explicitly stated that the application’s outcome and timing are uncertain · As of 10/28, the company held approximately 38.9 million $HYPE Market: Spot is around 76.7, down about 9% over 24 hours, with roughly 870 million U in contract volume. I’m moderately bullish in the medium term on the “compliant access” angle, but I won’t catch a falling knife—if it climbs back above around 80, I’ll consider scaling in; if it falls below tonight’s low of around 76.4, I’ll reduce my position. How significant do you think the impact on $HYPE ’s medium-term price action would be if the U.S. regulatory channel really opens up? #HYPE #Hyperliquid #CFTC $HYPE $BTC Data: Hyperliquid Strategies press release / 8-K · Binance market data. DYOR; this is not investment advice.
Golden Pig’s take: Hyperliquid Strategies, a Nasdaq-listed company, has a subsidiary applying to the CFTC to become a futures commission merchant (FCM). The move is directionally bullish for $HYPE , but an application doesn’t guarantee approval, and I’m not chasing a sell-off low at this level.

The primary announcement is very clear:
· The subsidiary has submitted an FCM application; if approved, it could provide custody for U.S. customer accounts in HIP-3* permissioned markets on Hyperliquid
· The company explicitly stated that the application’s outcome and timing are uncertain
· As of 10/28, the company held approximately 38.9 million $HYPE

Market: Spot is around 76.7, down about 9% over 24 hours, with roughly 870 million U in contract volume. I’m moderately bullish in the medium term on the “compliant access” angle, but I won’t catch a falling knife—if it climbs back above around 80, I’ll consider scaling in; if it falls below tonight’s low of around 76.4, I’ll reduce my position.

How significant do you think the impact on $HYPE ’s medium-term price action would be if the U.S. regulatory channel really opens up?

#HYPE #Hyperliquid #CFTC $HYPE $BTC

Data: Hyperliquid Strategies press release / 8-K · Binance market data. DYOR; this is not investment advice.
From $600M in profits to conquering the U.S. Hyperliquid Strategies posts blockbuster earnings and seeks CFTC approval to license perpetual trading Financial results beat expectations #Hyperliquid Strategies (NASDAQ: PURR) closed the quarter ended September 30 with revenue of $13.3 million, comfortably exceeding Wall Street projections, which put estimates between $10.6 million and $12 million. Colossal net profit from token appreciation: The company reported net income of $620.6 million. This multimillion-dollar figure was driven primarily by $803 million in unrealized gains on its balance sheet from the performance of its holdings of the native Hyperliquid token #HYPE , offsetting a tax provision of $172.3 million. Strategic regulatory push in the U.S.: The company formally applied to the Commodity Futures Trading Commission #CFTC for a license to register as a Futures Commission Merchant (FCM). If approved, it would allow the firm to manage accounts for U.S. clients and legally offer regulated perpetual futures. Integration with the HIP-3 upgrade: The institutional move aims to support Hyperliquid’s HIP-3 infrastructure, a feature that will allow independent operators to create and manage their own permissioned markets in compliance with regulations, using the chain as a neutral layer. Caution about timelines: Hyperliquid Strategies’ management emphasized that the outcome and timing of FCM regulatory approval, as well as the adoption of HIP-3 markets, are subject to official decisions, so there are still no guarantees about their final implementation. #CryptoNews $HYPE {future}(HYPEUSDT) $ASTER {future}(ASTERUSDT) $ICP {future}(ICPUSDT)
From $600M in profits to conquering the U.S.
Hyperliquid Strategies posts blockbuster earnings and seeks CFTC approval to license perpetual trading

Financial results beat expectations

#Hyperliquid Strategies (NASDAQ: PURR) closed the quarter ended September 30 with revenue of $13.3 million, comfortably exceeding Wall Street projections, which put estimates between $10.6 million and $12 million.

Colossal net profit from token appreciation: The company reported net income of $620.6 million. This multimillion-dollar figure was driven primarily by $803 million in unrealized gains on its balance sheet from the performance of its holdings of the native Hyperliquid token #HYPE , offsetting a tax provision of $172.3 million.

Strategic regulatory push in the U.S.: The company formally applied to the Commodity Futures Trading Commission #CFTC for a license to register as a Futures Commission Merchant (FCM). If approved, it would allow the firm to manage accounts for U.S. clients and legally offer regulated perpetual futures.

Integration with the HIP-3 upgrade: The institutional move aims to support Hyperliquid’s HIP-3 infrastructure, a feature that will allow independent operators to create and manage their own permissioned markets in compliance with regulations, using the chain as a neutral layer.

Caution about timelines: Hyperliquid Strategies’ management emphasized that the outcome and timing of FCM regulatory approval, as well as the adoption of HIP-3 markets, are subject to official decisions, so there are still no guarantees about their final implementation.
#CryptoNews
$HYPE
$ASTER
$ICP
CFTC Facing Major Legal Challenge Over Stock Perpetual Futures A group backed by Cboe and Citadel Securities is suing the CFTC to challenge its jurisdiction over stock perpetual futures, a move that could redefine the SEC and CFTC regulatory divide. #CFTC #SEC ‎
CFTC Facing Major Legal Challenge Over Stock Perpetual Futures

A group backed by Cboe and Citadel Securities is suing the CFTC to challenge its jurisdiction over stock perpetual futures, a move that could redefine the SEC and CFTC regulatory divide.

#CFTC #SEC ‎
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Bullish
🇺🇸 CFTC Approves Equity Perpetual Futures on U.S.-Regulated Exchanges — A Major Milestone for TradFi The U.S. Commodity Futures Trading Commission (CFTC) has approved equity perpetual futures on regulated U.S. exchanges, extending the crypto-native derivatives model to traditional stocks. Unlike conventional futures, perpetual contracts have no expiration date and use funding rates to track underlying asset prices. Following the earlier approval of Bitcoin perpetual futures, the new equity products fall under joint CFTC–SEC oversight, marking a significant step in regulatory coordination. The bigger picture: Crypto-native trading mechanisms are entering traditional finance. Regulated equity perpetuals could accelerate the convergence of Wall Street, 24/7 derivatives markets and the broader RWA ecosystem. #CFTC
🇺🇸 CFTC Approves Equity Perpetual Futures on U.S.-Regulated Exchanges — A Major Milestone for TradFi

The U.S. Commodity Futures Trading Commission (CFTC) has approved equity perpetual futures on regulated U.S. exchanges, extending the crypto-native derivatives model to traditional stocks.

Unlike conventional futures, perpetual contracts have no expiration date and use funding rates to track underlying asset prices. Following the earlier approval of Bitcoin perpetual futures, the new equity products fall under joint CFTC–SEC oversight, marking a significant step in regulatory coordination.

The bigger picture: Crypto-native trading mechanisms are entering traditional finance. Regulated equity perpetuals could accelerate the convergence of Wall Street, 24/7 derivatives markets and the broader RWA ecosystem.

#CFTC
Perps on single stocks. Legal. In the US 🚀👏👏 CFTC Chair Michael Selig just gave the green light. Single-stock perpetual futures can now trade on venues that are registered with the CFTC as a DCM and with the SEC as a notice-registered national securities exchange. So both regulators have to sign off. If you've traded crypto, you already know how these work. No expiry and no quarterly rollover. A funding rate keeps the price close to spot. Until now, if you wanted that kind of exposure to US stocks, you pretty much had to go offshore. What gets me is who signed off. The CFTC and the SEC have spent years fighting over turf, and now they're both approving a product crypto made popular. Crypto built it, tested it, and Wall Street is taking it #CFTC #WSJ #PERPS
Perps on single stocks. Legal. In the US 🚀👏👏

CFTC Chair Michael Selig just gave the green light. Single-stock perpetual futures can now trade on venues that are registered with the CFTC as a DCM and with the SEC as a notice-registered national securities exchange. So both regulators have to sign off.

If you've traded crypto, you already know how these work. No expiry and no quarterly rollover. A funding rate keeps the price close to spot. Until now, if you wanted that kind of exposure to US stocks, you pretty much had to go offshore.

What gets me is who signed off. The CFTC and the SEC have spent years fighting over turf, and now they're both approving a product crypto made popular. Crypto built it, tested it, and Wall Street is taking it #CFTC #WSJ #PERPS
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