US CFTC Enables Onshore Perpetual Contracts, Boosting Crypto Innovation

The US Commodity Futures Trading Commission (CFTC) is making significant strides in regulating the crypto market. Under Chairman Mike Selig, the agency has enabled onshore perpetual contracts, a pivotal shift in regulatory policy for crypto futures.

This move marks a departure from years of regulation by enforcement and aims to bring offshore perpetual markets onshore within a regulated framework. The CFTC's approach seeks to balance regulation with market growth, allowing innovation to flourish while ensuring customer safety and market integrity.

The approval of Bitcoin perpetual contracts has spurred the development of new self-certified digital commodity products. Seventeen crypto assets beyond Bitcoin have been self-certified by exchanges recently, indicating a growing market for these products.