US Regulators Clear Path for Bitcoin Perpetual Futures in US Markets

The CFTC's decision to allow Bitcoin perpetual futures contracts is seen as a breakthrough in regulating the cryptocurrency market.

Perpetual futures are a type of futures contract with no expiration date, allowing traders to speculate on asset prices without holding the underlying asset. The products have been widely used in offshore crypto derivatives markets but were not previously available through CFTC-registered venues in the US.

The CFTC approved KalshiEX, LLC to list a Bitcoin (BTC)-linked perpetual contract called the BTCPERP Contract and issued a no-action stance for Coinbase Financial Markets, Inc., covering the company's plans to offer digital commodity derivatives products.