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CFTC’s first Bitcoin perpetual futures contracts: the United States officially opens the crypto “perpetual contract” market

DeepFlowTech
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Deep Tide TechFlow News, May 29 — According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) approved a regulated exchange to list and trade Bitcoin perpetual futures contracts (Perps) for the first time on May 29 local time, becoming the first in U.S. regulatory history. CFTC Chairman Mike Selig characterized this move as a "significant milestone," stating that perpetual contracts are fundamental risk management and price discovery tools in the global crypto asset market, and that a workable regulatory framework will be provided for such contracts, while also limiting excessive leverage and systemic risk. Previously, perpetual contracts had long been traded outside U.S. jurisdiction due to regulatory gaps. Currently, the CFTC has not publicly disclosed the names of the first approved exchanges, and this policy has not yet been elevated to an official rule level, leaving room for potential reversal in the future.
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