Perpetual Futures

The article discusses how the low-cost revolution in finance has led to increased retail investor participation in high-risk, zero-sum products like zero-date options and perpetual futures, driven by financial institutions' push for higher-margin offerings. This trend, termed 'financial nihilism,' reflects a shift away from traditional, low-risk ETFs toward volatile investments such as crypto and derivatives, with critics blaming brokerage houses for prioritizing profits over investor stability.

The article discusses the systemic-risk debate surrounding perpetual futures, arguing that the focus is misdirected. It highlights concerns about these financial instruments but questions whether they are the correct target for regulatory scrutiny.

Investors are using crypto exchanges to bypass Beijing’s restrictions on AI stocks. Perpetual futures enable circumvention of foreign access limitations in China’s equity market.

Kalshi has launched a 'Pro' product enabling users to trade multiple markets simultaneously and offering perpetual futures. The platform aims to address challenges faced by the company's most active traders, as outlined in a memo provided to CNBC.

Perpetual futures have become the dominant instrument in crypto derivatives markets, with decentralized venues (Perp DEX) emerging as the fastest-growing sector in Web3. The article references data showing Perp DEX's share of total crypto perpetuals volume compared to centralized exchanges (CEX) from March 2024 to March 2026, citing sources like The Block and Defillama.

Phantom has hired market builders from Hyperliquid to strengthen its focus on perpetual futures. The move indicates Phantom's commitment to expanding its presence in the perpetual futures market.

CME Group sued the CFTC over the agency's classification of perpetual futures as futures contracts instead of swaps. The CFTC and SEC are seeking public comment to clarify the definition of 'swaps' amid the lawsuit.

The CME Group is suing the Commodity Futures Trading Commission (CFTC) over its decision to allow perpetual futures to trade in the United States. The lawsuit accuses the CFTC of suddenly altering its regulatory approach regarding these financial instruments.

Theodore Gillibrand, son of pro-crypto Senator Kirsten Gillibrand, raised $30 million led by Lux Capital to launch APEC, a derivatives exchange for perpetual futures. The platform aims to list perpetual futures for equities and stock indices under CFTC regulation, avoiding cryptocurrency markets.

CME's chief executive announced the company's plan to sue the CFTC following the approval of perpetual futures. The lawsuit stems from the regulatory decision regarding perpetual futures.

CME Group CEO Duffy announced the company will sue the CFTC over the approval of perpetual futures. The lawsuit argues that perpetual futures should be classified as swaps under the Dodd-Frank Act.

Outgoing CME CEO Terrence Duffy stated the exchange operator will sue the CFTC over the agency's approval of perpetual futures. The lawsuit challenges the CFTC's decision to permit these financial instruments.

Perpetual futures are being compared to ETFs as a potential significant development in the cryptocurrency market. The article suggests they could represent a major milestone similar to the impact of ETFs in crypto.

Perpetual futures, a new financial product, have been introduced in the U.S., causing concern among Wall Street professionals. The product has sparked mixed reactions, with some expressing unease.

CME CEO Terry Duffy warned that U.S.-approved perpetual futures risk retail blowouts and excessive leverage exposure. He described the situation as a 'disaster waiting to happen.'

Kalshi is expanding into the U.S. altcoin market by filing to certify perpetual futures for XRP, Solana, Dogecoin, and other altcoins. The company aims to lock down an emerging market with these offerings.

Kalshi and Coinbase have received approval from the Commodity Futures Trading Commission to offer perpetual futures to U.S.-based investors. The product is described as one of the hottest crypto offerings globally.

The U.S. Commodity Futures Trading Commission (CFTC) approved the first Bitcoin perpetual futures contract on a U.S. exchange (KalshiEX’s BTCPERP) and granted Coinbase access to global crypto derivatives markets. This marks a significant regulatory shift, enabling U.S. traders to participate in previously offshore-dominated perpetual futures and options markets through a CFTC-regulated framework.

ICE, the owner of the New York Stock Exchange, is partnering with cryptocurrency exchange OKX to launch oil-linked perpetual futures contracts based on Brent and WTI crude oil benchmarks. This initiative brings cryptocurrency derivatives into traditional energy markets while operating under licensing restrictions. The collaboration represents a significant convergence between traditional finance and crypto markets.

OKX and ICE (Intercontinental Exchange) are launching perpetual oil futures contracts accessible to cryptocurrency users. This initiative aims to bring traditional commodity trading to approximately 120 million crypto users through a blockchain-based platform.

Coinbase has launched thematic perpetual futures contracts tracking China, artificial intelligence, and US national security equity indexes. The contracts are based on MarketVector's existing indexes that each track the 10 largest companies within their respective sectors.

Binance has launched a new pre-IPO perpetual futures product linked to SpaceX, allowing traders to speculate on the company's valuation before its expected public market debut. This product enables cryptocurrency traders to participate in SpaceX's anticipated IPO through derivatives trading on the Binance exchange.

Peer-to-peer trading startup Variational has raised $50 million in a funding round led by Dragonfly Capital. The funds will support the development of real-world perpetual futures trading on their platform.

Binance has launched perpetual futures contracts for SpaceX pre-IPO shares, allowing traders to speculate on the company's valuation reaching $2 trillion. This product enables cryptocurrency exchange users to gain exposure to SpaceX's equity without owning actual shares.

LMAX Group has launched a digital asset collateral solution, allowing clients to deposit digital assets into custody and use them as collateral to trade various financial instruments. This solution enables institutions to utilize their digital assets for trading purposes. The platform supports trading of FX, metals, CFDs, perpetual futures, and crypto.

The article discusses finding a platform for trading leverage perpetual futures with high volatility and good liquidity. The user is looking for a platform with at least 20-25x volatile and has sufficient liquidity. The discussion is focused on identifying the best platform for this specific type of trading.

Hyperliquid is a decentralized crypto trading platform focused on perpetual futures with a custom-built blockchain for high speed and low fees. It aims to merge the efficiency of centralized exchanges with DeFi's transparency and on-chain execution.

Bitcoin surged past $78,000, former Fed Governor Kevin Warsh clashed with the U.S. Senate, and prediction markets Kalshi and Polymarket expanded into perpetual futures.

Prediction market platforms Kalshi and Polymarket are exploring expansion into perpetual futures, a derivative product allowing traders to bet on outcomes without expiration dates. This move signals growing interest in prediction markets as financial instruments.