Coinbase and Kraken file with CFTC for single-stock perpetuals, Binance launches 24/7 forex perpetuals
- —Coinbase Derivatives filed with the CFTC on September 18; approval has not yet been granted
- —Kraken targets 10 stocks: Tesla, SpaceX, Nvidia, Broadcom, Micron, Apple, Microsoft, Amazon, Alphabet, Palantir
- —Binance launches USDBRLUSDT on September 21 with up to 100x leverage and funding every 8 hours
- —Funding rate on Coinbase contracts is capped at ±0.10% per hour
Why it matters: Perpetual futures on stocks and currencies expand crypto derivatives into traditional markets, intensifying competition among exchanges for institutional clients.
Source: Crypto Adventure