Regulation· ★★★★· bullish·

SEC Official Expects Four Exchanges to Launch Stock Perps by End of Quarter

  • —Selway expects at least four exchanges to launch stock perpetuals by the end of the quarter
  • —Five venues including Coinbase and Kalshi filed Form 1-N notices with the SEC in September
  • —Stock perp volume on CEXs reached $665.42 billion in August, 56x the January level
  • —Kalshi launched a US 500 perpetual on Oct. 6, 49 days after its CFTC filing
Why it matters: Perps born in crypto are entering regulated US markets and could disrupt CME and Cboe futures businesses.
Source: The Coin Republic