US CFTC Has Approved a Regulated Exchange to List and Trade Bitcoin Perpetual Futures Contracts

According to Odaily, the U.S. Commodity Futures Trading Commission (CFTC) has announced the approval of a registered trading platform to list bitcoin perpetual contracts, marking the first time a U.S. regulatory agency has explicitly allowed compliant institutions to participate in crypto perpetual contract trading, thereby opening an institutional channel for such derivatives in the U.S. market.

The CFTC stated that this approval aims to provide a viable regulatory framework for the market under the premise of "limiting excessive leverage and systemic risk," and to promote the return of related trading activities to the United States. CFTC Chairman Mike Selig stated that perpetual contracts are a "fundamental risk management and price discovery tool" in the global crypto market, adding that this policy helps solidify the U.S. position as a "global crypto hub."

Analysts point out that this decision indicates U.S. regulators are further moving towards "institutional adoption" in the crypto derivatives space. However, the current policy still exists in the form of guidance and approvals, has not yet formed formal regulations, and may be adjusted in the future as regulatory stances evolve. (CoinDesk)