CFTC clears perpetual futures on stocks, CoinDesk reports
CIE News ·
Based on reporting by CoinDesk; not yet independently confirmed.
The CFTC has cleared trading of perpetual futures on stocks, providing a regulated domestic alternative to offshore venues, CoinDesk reported.
The Commodity Futures Trading Commission (CFTC) has officially cleared the trading of perpetual futures on stocks, according to CoinDesk. The decision brings a trading format common in the crypto market to Wall Street financial venues. CFTC Chair Michael Selig stated that the move gives U.S. traders a regulated alternative to using offshore and unregulated platforms.
Key facts
- CFTC clears perpetuals on stocks
- Reported by CoinDesk
- Alternative to offshore venues