U.S. CFTC Has Approved a Regulated Exchange to List and Trade Bitcoin Perpetual Futures Contracts

Odaily Planet Daily News: The U.S. Commodity Futures Trading Commission (CFTC) has announced approval for 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, opening an institutional channel for this type of derivative 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," while promoting the return of related trading activities to the U.S. CFTC Chairman Mike Selig noted 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 marks a further step by U.S. regulators towards "institutional acceptance" in the crypto derivatives field. However, current policies still exist in the form of guidance and approvals, without forming formal rules, and may be subject to changes depending on future regulatory developments. (CoinDesk)