10 hours ago
6
The perpetual futures crypto traders use on offshore exchanges now have a regulated path onto U.S. stocks, but that version runs on equity-market hours with much tighter leverage.
Key Takeaways
- U.S. stock perps cap leverage near 6.7x.
- Proposed venues close Friday, reopen Sunday evening.
- Funding runs hourly on Coinbase, daily on Kalshi.
- Coinbase’s existing stock perps are a Bermuda product.
In a November 3 statement, CFTC Chairman Michael Selig said perpetual futures on individual stocks can begin trading on designated contract markets that are also notice-registered with the SEC as national securities exchanges for security futures. Put simply, a venue needs standing with both regulators before it can list them. The contracts were deemed approved under CFTC Regulation 40.3, the route an exchange takes when it asks the Commission to approve a new product instead of self-certifying it. The statement names no launch venue and no stock.
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