The biggest crypto derivatives story of the year just landed, and it is from the CFTC.
The agency granted conditional no-action relief letting eligible US exchanges offer perpetual futures. The no-expiry contracts that are the lifeblood of crypto trading worldwide. Relief issued October 3, announced Monday.
This is the instrument US venues have been locked out of while offshore books captured the vast majority of global perp volume. Regulated US perps means leverage moves onshore, cleaner price discovery, deeper domestic liquidity, and a direct challenge to offshore dominance.
My read: the conditional part is everything. Eligibility details decide how fast venues can actually launch. But the direction is set. The US is finally getting its flagship crypto derivative.
Which exchange lists first? $BTC $ETH $SOL
The agency granted conditional no-action relief letting eligible US exchanges offer perpetual futures. The no-expiry contracts that are the lifeblood of crypto trading worldwide. Relief issued October 3, announced Monday.
This is the instrument US venues have been locked out of while offshore books captured the vast majority of global perp volume. Regulated US perps means leverage moves onshore, cleaner price discovery, deeper domestic liquidity, and a direct challenge to offshore dominance.
My read: the conditional part is everything. Eligibility details decide how fast venues can actually launch. But the direction is set. The US is finally getting its flagship crypto derivative.
Which exchange lists first? $BTC $ETH $SOL
