CFTC approves first Bitcoin perp on a regulated US exchange!

The U.S. Commodity Futures Trading Commission has approved bitcoin perpetual futures contracts on a regulated domestic exchange for the first time, opening a formal U.S. path for a derivatives product that has long flourished offshore. CFTC Chairman Mike Selig called it "a major step forward" in cementing America as the crypto capital of the world, writing in a Friday op-ed that his agency is now providing "a workable framework for true crypto asset perpetual contracts."

Perps allow investors to speculate on bitcoin's price without an expiration date, and are typically traded with leverage — making them among the most popular and lucrative instruments in global crypto markets.