CFTC greenlights crypto perpetual futures in the US —…

The Commodity Futures Trading Commission has issued a staff advisory opening the door for perpetual futures contracts to be listed on US-regulated exchanges — a landmark shift that brings one of crypto's most liquid and widely-used derivative products onshore for the first time. Kalshi's BTCPERP Contract received direct CFTC approval, while Coinbase Financial Markets secured a no-action stance for its planned digital commodity derivatives products.

CFTC Chair Michael Selig called it "historic action," saying the move charts a path for perpetual contracts — previously dominated by offshore venues — to exist within the US regulatory framework. Coinbase CEO Brian Armstrong was equally direct: until now, US users were locked out of roughly 80% of global crypto markets, including perpetuals and options. That changes with Friday's advisory.