The CFTC-regulated venue has put its stamp on the perpetuals, and $SEI spot is already trading as if it’s “in the club.”
What can be verified: @SeiNetwork posted officially today that a CFTC-regulated exchange has certified $SEI perpetual contracts, alongside BTC, ETH, SOL, and XRP; they’re USD cash-settled, available 24/7, and have no expiration. Nadex (OG.com Markets) has a corresponding product certification announcement, and the CFTC 40.2(a) filing was submitted around 10/8, with listing proposed no later than 10/12.
Binance spot is now around 0.0666, up about 13.6% over 24 hours. It climbed from around 0.0587 to a high of 0.0669 intraday, on roughly $8.5 million in volume. $BTC rose only about 1.5% over the same period—that’s relative strength, not a broad-market rally dragging it along.
My take: what’s driving the buzz today is “officially adding regulated perpetuals to the timeline.” The market is pricing in “another compliant way to gain exposure”; certification requires going through an FCM, so it doesn’t mean U.S. retail traders can just trade freely without restrictions. Directionally, I’m leaning bullish on this wave of attention—at the very least, don’t short the narrative yet.
What can be verified: @SeiNetwork posted officially today that a CFTC-regulated exchange has certified $SEI perpetual contracts, alongside BTC, ETH, SOL, and XRP; they’re USD cash-settled, available 24/7, and have no expiration. Nadex (OG.com Markets) has a corresponding product certification announcement, and the CFTC 40.2(a) filing was submitted around 10/8, with listing proposed no later than 10/12.
Binance spot is now around 0.0666, up about 13.6% over 24 hours. It climbed from around 0.0587 to a high of 0.0669 intraday, on roughly $8.5 million in volume. $BTC rose only about 1.5% over the same period—that’s relative strength, not a broad-market rally dragging it along.
My take: what’s driving the buzz today is “officially adding regulated perpetuals to the timeline.” The market is pricing in “another compliant way to gain exposure”; certification requires going through an FCM, so it doesn’t mean U.S. retail traders can just trade freely without restrictions. Directionally, I’m leaning bullish on this wave of attention—at the very least, don’t short the narrative yet.