ASA Presses Court to Halt Stock Perpetuals, Putting Retail Risk at Center of Fight
TL;DR: The American Securities Association is asking a federal court to consider retail-investor harm in the challenge to single-stock perpetuals. Its November 10 submission, publicised on November 12, supports interim relief. The CFTC has defended the products as a regulated domestic alternative to offshore trading. The legal battle over US single-stock perpetuals is gaining another…
CME Targets October 19 Start For Bitcoin Cash And Uniswap Futures
CME Group has scheduled the introduction of Bitcoin Cash and Uniswap futures for October 19, giving institutional derivatives traders two more cryptocurrency markets to access through a regulated venue. TL;DR: CME previously announced BCH and UNI futures for an October 19 launch, subject to regulatory review. Standard and micro contracts are planned for both assets.…
Coinbase Gets CFTC Approval For Its Own USDC-Native Clearinghouse
TL;DR Coinbase Clearing LLC has been registered by the CFTC as a Derivatives Clearing Organization. The approval allows it to clear fully collateralized futures, options on futures and swaps. Coinbase says the new clearinghouse will use USDC collateral and support 24/7 settlement. Coinbase has filled in the final piece of a U.S. derivatives stack it…
Coinbase Files To Bring Single-Stock Perpetual Futures To US Market
TL;DR Coinbase Financial Markets has submitted a CFTC product filing for single-stock perpetual futures. Initial contracts cover Apple, Tesla and Nvidia. Trading is not live yet; the products remain in the regulatory process. Coinbase is taking another run at bringing a product long associated with offshore crypto exchanges into the regulated U.S. market. Coinbase Financial…
Binance Announces 24/7 FX Perpetuals With USD/BRL Contract Set For September 21
TL;DR Binance is moving into round-the-clock FX perpetual futures. The first announced contract is USD/BRL against USDT. Trading is scheduled to begin September 21 with leverage of up to 100x. Binance is taking the crypto perpetual model into another traditionally closed market: foreign exchange. Binance Futures has announced a new line of 24/7 FX perpetual…
CFTC Crypto Asset Rules Enter White House Review
TL;DR A new CFTC crypto rulemaking has entered White House regulatory review. The filing covers “Crypto Asset Transactions” and “Crypto Asset Markets.” It is still at the pre-rule stage, so nothing has taken effect yet. The Commodity Futures Trading Commission has moved a new crypto rulemaking into White House review, giving the market its clearest…
Kraken Files For CFTC-Regulated U.S. Perpetual Futures Product
Kraken parent Payward has filed to launch CFTC-regulated perpetual futures for eligible U.S. traders through Bitnomial, the Designated Contract Market acquired by the company. The proposed products would cover BTC, ETH, SOL, XRP, and ADA perpetual derivatives, according to Kraken’s announcement. The filing marks an important step because perpetual futures are one of crypto’s most…
Coinbase Expands Derivatives Trading To UK Professional Clients
Coinbase has launched futures, options, and perpetuals for professional clients in the United Kingdom, expanding its derivatives offering through its MiFID authorization. The rollout is not for UK retail users. Eligibility is limited to users classified as Professional Clients, which means they must meet criteria tied to trading activity, portfolio size, or relevant professional experience.…
SEC And CFTC Open Joint Consultation On Crypto Derivatives Rules
SEC And CFTC Open Joint Consultation On Crypto Derivatives Rules The derivatives, giving the market a fresh sign that US regulators are trying to reduce confusion around crypto products that sit between securities and commodities oversight. The consultation focuses on security-based swaps and digital asset derivatives definitions. It includes a 60-day public comment period after…
Kraken Options Push Gives US Traders Another Route Into Regulated Crypto Risk
Kraken is expanding its options trading infrastructure at a time when crypto derivatives are becoming harder for serious traders to ignore. The move is not just about adding another product tab to an exchange. Options sit at the centre of how more mature markets manage risk. They allow traders to hedge, express directional views, manage…