CFTC Lets Exchanges Convert Index Futures Into True Perpetual Contracts
TL;DR CFTC staff has issued temporary no-action relief allowing designated contract markets to convert certain broad-based security index futures into true perpetual contracts. Exchanges can remove expiration dates if they meet customer-protection, notice and filing conditions. The relief is narrow, applies to existing qualifying contracts and expires on October 20. The U.S. derivatives market is…
Bybit Adds PATH, CYPH And HUT Equity Perpetuals With Up To 25x Leverage
TL;DR Bybit has added USDT-margined perpetual futures tied to PATH, CYPH and HUT shares. The contracts offer up to 25x leverage through Bybit’s TradFi perpetual desk. These are synthetic derivatives tracking equity prices, not spot shares or direct stock ownership. Bybit is continuing to turn its crypto derivatives platform into a 24/7 market for traditional…