CFTC clears stock perpetual futures for US exchanges for the first time
The US Commodity Futures Trading Commission has allowed perpetual futures linked to individual company shares to list on registered US exchanges, treating them as approved under existing security-futures rules with joint CFTC and SEC oversight. Chair Michael Selig framed the step as giving US traders a regulated alternative to offshore venues, though his statement did not name which exchanges or stocks will launch first. The no-expiry contract design originated in crypto markets, where perpetuals logged more than $630 billion in volume over the past month according to DeFiLlama.