CFTC opens door to $85B in Bitcoin perpetual swaps onshore
The CFTC's nod could repatriate the funding-rate engine and the volatility profile that comes with it, but margin rules will decide whether the liquidity actually follows.
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The CFTC's nod could repatriate the funding-rate engine and the volatility profile that comes with it, but margin rules will decide whether the liquidity actually follows.
The Kalshi listing pulls BTC perps onto a CFTC-registered venue for the first time — and the Coinbase-Deribit margin no-action clears the runway for institutional perp flow onshore.