Today, the U.S. Commodity Futures Trading Commission (CFTC) made a historic decision, authorizing the listing of Bitcoin perpetual contracts on registered exchanges. This step paves the way for bringing one of the most liquid segments of the crypto asset market into the U.S. regulatory framework. The emergence of such contracts in the country is a significant milestone in making the U.S. the world's crypto capital. This is reported by Coindesk.com .
Unlike traditional futures, perpetual contracts have no expiration date. They are designed for 24/7 markets, allowing participants to maintain their positions without the costs of rolling over contracts. This instrument was first proposed by Nobel laureate Robert Shiller in 1992 and has now become a key risk management tool in the global crypto market.
Until now, due to the lack of a clear legal mechanism from the CFTC, perpetual trading was primarily conducted in offshore jurisdictions. This reduced the competitiveness of American crypto companies and limited local investors' access to this market. The new approach aims to ensure market transparency by supporting innovation and regulation.
The Commission's decision provides a working mechanism to limit excessive leverage, volatility, and systemic risks. It was determined that keeping these risks under American oversight is preferable to pushing them into unregulated offshore areas. The approval of Bitcoin perpetual contracts further strengthens the U.S. leadership in digital financial technology.
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