CoinWorld News reports that the U.S. Commodity Futures Trading Commission (CFTC) has approved for the first time a unnamed exchange to list and trade Bitcoin perpetual contracts, allowing American crypto companies to offer perpetual futures contracts. Perpetual contracts are a type of derivative that enables investors to speculate on the future price of cryptocurrencies without an expiration date. CFTC Chairman Mike Selig stated that this approval is an important step toward achieving President Trump’s goal of solidifying the United States’ position as a global crypto hub. Selig also mentioned that the CFTC will limit excessive leverage, volatility, and systemic risk.

BTC0.2%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
Add a comment
Add a comment
GaslightPoet
· 6h ago
The derivatives market landscape is about to change dramatically
View OriginalReply0
EbbShellLedger
· 13h ago
How many times in history has the systemic risk that Selig mentioned been contained?
View OriginalReply0
LatencyLullaby
· 13h ago
The global crypto capital status, this slogan is loudly proclaimed
View OriginalReply0
GaslightSamurai
· 13h ago
Trump's crypto ambitions, the CFTC is cooperating quite quickly
View OriginalReply0
AccountantsAlsoGetInto
· 13h ago
How exactly are the leverage limits set? We'll wait until the detailed rules are released.
View OriginalReply0
MoonlightTake-ProfitLine
· 13h ago
CFTC finally gives the green light, is the U.S. perpetual contract market about to take off?
View OriginalReply0
  • Pinned