US Bitcoin Perpetual Futures Approved
Key Questions
What approval did Kalshi receive for Bitcoin perpetual futures?
The CFTC approved the first US Bitcoin perpetual futures contract via Kalshi, aiming to bring $61.7T in offshore volume onshore.
How does Coinbase's clearance affect US crypto trading?
Coinbase received a no-action letter allowing perpetual futures and options for retail and institutional clients. This marks a structural shift in regulated US derivatives.
What impact will onshore perps have on offshore exchanges?
The move challenges Binance and Bybit by offering regulated alternatives and could boost institutional adoption and overall market depth.
Why is this considered a regulatory milestone?
It eases concerns around offshore trading by providing compliant US products. Coinbase and Kalshi are the first major platforms cleared for crypto perps.
What products are now available through Coinbase?
Perpetual futures and options are now offered to both retail and institutional traders under CFTC oversight. This expands access to global-style crypto derivatives in the US.
CFTC approves first US Bitcoin perpetual futures via Kalshi, pulling $61.7T in offshore volume onshore. Coinbase also cleared via no-action letter. This is a structural shift for US crypto derivatives, challenging Binance/Bybit and boosting institutional adoption and market depth.