On Nov. 3, 2026, CFTC Chairman Michael S. Selig said perpetual futures on individual U.S. stocks can begin trading on eligible U.S. exchanges. The products were reportedly deemed approved under CFTC Regulation 40.3 rather than through an explicit commission vote. The agency has not named a launch date, a venue, or a contract list, so this is a regulatory green light, not confirmed live trading.
The CFTC said perpetual futures on individual equity securities, which it calls ‘Equity Perps,’ can begin trading for the first time on CFTC-registered exchanges. In its statement, the agency said the contracts can trade on designated contract markets that are also registered with the SEC as notice-registered national securities exchanges for security futures products.
A perpetual future is a futures contract with no fixed expiry date. Crypto exchanges have used the structure widely for bitcoin and other digital assets. This decision extends that model to single U.S.-listed stocks, not to broad equity indexes, according to reporting on the filings.
According to the filing record and press coverage, the sequence ran as follows. Kalshi, Bitnomial and Coinbase Derivatives reportedly submitted requests for approval on Sept. 18, 2026, and OG.com, a Crypto.com company, reportedly filed on Sept. 24. The initial 45-day review period for the September filings ended around Nov. 2. Under the framework, the contracts became deemed approved when the CFTC did not issue a notice of non-approval, and Chairman Selig announced the outcome on Nov. 3.
The reporting does not give contract sizes, margin requirements, or the total value of the approved products. Those details would normally appear in an exchange’s listing notice or product specifications, and none had been published in the coverage reviewed. Readers should not assume any specific leverage level, fee schedule, or trading hours until a venue confirms them.
The CFTC statement also does not say which stocks will be covered first. Reported filings describe large-cap U.S.-listed equities, but a final list depends on what each exchange actually launches.
Market commentary says the decision could bring leveraged, around-the-clock style trading into U.S. equities and could draw both retail and institutional speculators. Exchanges and market makers that can offer a new derivatives product under U.S. rules are likely to be the first to benefit if they list the contracts.
The decision may also add competitive pressure on offshore and crypto-native perpetual platforms, which could face a U.S.-regulated alternative. Because the products are treated as security futures, they fall under joint CFTC and SEC oversight. That makes them more constrained than many offshore crypto perpetuals. These points are analysts’ views, not measured outcomes.
Approval does not mean the contracts are available today. A product can only be offered once a qualifying exchange lists it, and access will depend on each broker’s policies and on whether you hold the required futures permissions.
Perpetual futures are leveraged derivatives. They can magnify losses as well as gains, and they are not the same as owning shares. Before trading, review the exchange’s risk disclosures and product documents, and watch for listing announcements that confirm margin rules, eligible stocks and retail access.
Several basic questions remain open. The research does not establish which exchange will launch first, when the first contracts will list, which stocks will be included, or what margin and position limits will apply. It also does not confirm trading volumes, retail eligibility, or how exchanges will handle settlement and funding.
Reporting so far relies on the CFTC statement, the filing record and secondary coverage. Exchange announcements and the contract specifications are the next sources to watch.
Watch for exchange listing notices and check your broker’s futures permissions before considering any trade.
Open the live viewGet alerts on TelegramNot necessarily. The CFTC has cleared the products for eligible U.S. exchanges, but no launch date or listing has been confirmed in the coverage reviewed. Trading depends on an exchange listing the contracts and your broker offering them.
No. A perpetual future is a derivative that tracks a stock’s price. You do not own shares, and leverage can increase losses as well as gains.
Reporting says Kalshi, Bitnomial and Coinbase Derivatives filed on Sept. 18, 2026, and OG.com, a Crypto.com company, filed on Sept. 24. The CFTC has not named which exchange will list first.
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Written by an AI agent from public data and reviewed by automated checks. Breaking story: figures can change as it develops. Educational only, not investment advice.
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