Just as US stock perpetual contracts were approved for trading on exchanges registered with the CFTC, the industry organization representing Cboe and Citadel Securities sued the CFTC that same day, arguing that such products should be regulated by the SEC. The legal battle centers on who should regulate them. What traders fear even more is having their positions wiped out immediately after opening. @FX100Perp provides 15 minutes of liquidation protection for each new position; if the price crosses the liquidation price within the window, it will not be liquidated; if the price remains below the threshold at the end of the window, standard liquidation will be executed. FX100 is currently in its private testnet phase. The competition in perpetual contracts, after obtaining a license, will still come down to the mechanisms.