Wu Blockchain (@WuBlockchain): CFTC Approves First Regulated Bitcoin Perpetual Contract in U.S.

CFTC Approves First Regulated Bitcoin Perpetual Contract in U.S. CFTC Chairman Mike Selig said the agency has approved the listing of the first “true” Bitcoin perpetual contract on a CFTC-registered exchange, marking a major step toward bringing crypto perpetual trading into the U.S. regulatory framework. The approved product is Kalshi’s BTCPERP contract, a perpetual futures contract referencing Bitcoin’s spot price. Separately, CFTC staff confirmed that certain crypto perpetual contracts may be categorized as foreign futures and issued no-action relief allowing Coinbase Financial Markets, under specified conditions, to use customer-owned digital assets and payment stablecoins as margin for crypto derivatives trading on affiliated platform Deribit. https://x.com/ChairmanSelig/status/2060362368622735507?s=20 https://x.com/CFTC/status/2060362565381681560?s=20