CFTC Clears Stock Perpetual Futures for Regulated US Trading in a First

The CFTC just cracked open a door Wall Street has kept shut. Perpetual futures tied to individual stocks can now trade on regulated U.S. exchanges — the first time that's ever been allowed. The trading model crypto built is officially moving into stocks.

The clearance lands under joint CFTC and SEC oversight, according to CoinDesk. Two regulators, one product, and a brand-new lane for U.S. exchanges.

Perpetual futures are a staple of crypto venues, where traders have long favored them over traditional dated contracts. Now that same structure gets a regulated American home with single stocks as the underlying asset.

For years, the U.S. derivatives market has revolved around contracts with fixed expiry dates. Perps flip that: no clock running out, just an open position. Bringing them under CFTC and SEC watch gives the format a legitimacy it never had on these shores.

What happens next is up to the exchanges. Regulated U.S. venues can now list stock perps, and the dual-agency framework sets the rules they'll play by. Crypto's most popular product just got a Wall Street address.