FT · 2026-10-29 14:55 UTC

Druckenmiller backs push to bring risky crypto-style bets to Wall Street

Stanley Druckenmiller has invested in tradeXYZ, a trading platform partnering with Intercontinental Exchange to offer US-regulated perpetual futures contracts on stocks, cryptocurrencies, and other assets. Perpetual contracts are leveraged derivatives that trade 24/7 with high risk; regulators approved them this year but CME has sued, claiming the approval violates existing regulations. Consumer advocacy groups call perps 'the most dangerous product in crypto' for amplifying systemic risk by allowing retail investors to control positions far exceeding their capital investment.

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