Crypto exchanges should be allowed to offer traditional stock derivatives

The venues where digital assets trade, from Coinbase and Binance to decentralized protocols, with their listings, licenses, custody and failures.

Futures, options, and perpetual swaps tied to digital-asset prices, letting traders hedge or lever positions and often dwarfing spot volumes.

Putting shares on blockchains raises questions about market hours, legal ownership and who controls where shares can trade.