CFTC greenlights first Bitcoin perpetual contract in the US!

The Commodity Futures Trading Commission has approved the listing of a true Bitcoin perpetual contract on a CFTC-registered exchange — a historic first that brings one of crypto's most liquid and widely-used instruments inside the U.S. regulatory perimeter for the first time. CFTC Chairman Selig framed the move as a direct extension of President Trump's goal of making America the crypto capital of the world.

Perpetual contracts, first theorized by Nobel laureate Robert Shiller in 1992, have no fixed expiration date and use a periodic funding rate to track spot prices — making them the instrument of choice for continuous, 24/7 crypto exposure. Until today, that market existed almost entirely offshore, leaving U.S. firms competitively disadvantaged and U.S. traders effectively locked out.