CFTC clears perpetual futures on stocks, bringing crypto-style trading to Wall Street

The U.S. Commodity Futures Trading Commission has approved perpetual futures contracts tied to stocks, adopting a trading model long associated with crypto markets. CFTC Chair Michael Selig said the decision gives American traders a regulated option in place of offshore venues, which he described as often unregulated. Perpetual futures differ from traditional futures in that they have no fixed expiration date. The move marks a step toward bringing crypto-native products into the regulated U.S. securities and derivatives landscape.