CFTC approval allows a regulated exchange to list Bitcoin perpetual contracts, integrating crypto derivatives into U.S. oversight.
The Commodity Futures Trading Commission approved the first regulated Bitcoin perpetual futures contract in the U.S., enabling a CFTC-registered exchange to list the product. The move marks a key step in bringing crypto derivatives under federal oversight.
CFTC Chairman Mike Selig called the contract a “true” perpetual, distinguishing it from prior unregulated offerings. The agency also clarified that certain crypto perpetuals may qualify as foreign futures and issued no-action relief for using customer crypto as margin with foreign brokers.
The decision follows growing demand for regulated crypto derivatives in the U.S., where most perpetual trading has occurred offshore or on unregulated platforms.