CFTC clears equity perpetual futures on US stocks, drawing leverage warnings

The CFTC has cleared equity perpetual futures tied to US stocks, opening a product structure long associated with crypto to traditional equity markets. Critics warn about the leverage these instruments allow, echoing concerns raised about crypto perpetual swaps. A trader would care because regulatory acceptance of perpetual futures for equities could deepen mainstream comfort with the format and pull more leveraged trading volume into structures crypto venues already dominate.