US-regulated Bitcoin perpetual futures approved by CFTC
Key Questions
What did the CFTC approve regarding Bitcoin perpetual futures?
The CFTC approved Kalshi's BTCPERP contract, marking the first US-regulated Bitcoin perpetual futures contract. This approval allows regulated trading of perpetual futures within the United States.
Which platforms received CFTC approvals or relief for Bitcoin perps?
Kalshi received approval for its Bitcoin perpetual futures contract, while Coinbase obtained no-action relief to route trades to Deribit. These steps enable onshore access to perpetual futures trading.
How might this approval impact offshore Bitcoin perp platforms?
The development challenges the dominance of offshore platforms like Hyperliquid by bringing regulated perpetual futures trading onshore. It creates new opportunities for liquidity and arbitrage between US and international markets.
What is the status of Kalshi's Bitcoin perpetual futures offering?
Kalshi has opened a waitlist for its approved Bitcoin perpetual futures product, which has already attracted over 12,000 sign-ups. The contract is positioned as the first regulated option in the US.
What new trading opportunities does this CFTC approval create?
It opens avenues for increased liquidity, arbitrage, and risk management within a regulated US framework. Traders may benefit from reduced reliance on offshore venues for perpetual futures exposure.
CFTC approves first US-regulated Bitcoin perpetual futures via Kalshi, Coinbase gets no-action relief to route to Deribit. This onshores perp trading, challenges offshore dominance (Hyperliquid), and opens new liquidity and arbitrage opportunities. Kalshi waitlist at 12k+.