CFTC Cracks Open U.S. Market for Bitcoin and Crypto Perpetual Futures
The CFTC has approved the first U.S.-listed bitcoin perpetual futures contract, allowing American traders access to a significant crypto derivatives market. This move enables Coinbase to facilitate U.S. clients' participation in global crypto derivatives markets. CFTC Chair Michael Selig described the decision as a historic step for U.S. market structure.
- ▪The CFTC approved KalshiEX's BTCPERP contract, a perpetual futures product referencing bitcoin's spot price.
- ▪Coinbase is now allowed to route U.S. clients into global crypto derivatives markets.
- ▪Perpetual futures are popular in crypto trading and previously dominated offshore platforms.
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