US Crypto Perpetual Futures Approval Imminent

The regulatory landscape for crypto in the US is shifting, with the potential for significant change. CFTC Commissioner Summer Mersinger recently indicated that approval for crypto perpetual futures is on the horizon. This development could bring substantial benefits to the US economy.

Crypto Perpetual Futures: US Approval Nears

In a recent Bloomberg interview (link), Commissioner Mersinger confirmed the CFTC's plans to approve crypto perpetual futures. She highlighted the readiness of US markets for this offering, suggesting that it is a matter of when, not if, approval will be granted. While a precise timeline remains unannounced, the approval is expected as part of a wider wave of crypto regulation.

This move comes as the Senate advances the GENIUS Act (link), further signaling a push towards comprehensive regulation of stablecoins and the broader crypto market structure.

“It would be great to get that trading back onshore in the United States,” said Mersinger. “I think it’s unfortunate that it has been driven offshore for so long.”

Currently, US-based traders lack access to crypto perpetual futures, forcing many to utilize foreign-based exchanges like Binance and Bybit. These exchanges have experienced substantial trading volumes from international investors attracted to these contracts.

Unlike traditional futures contracts, perpetual futures offer traders the ability to speculate on cryptocurrency prices without expiration dates. The leverage and potential funding fee payouts are additional factors driving their popularity.

What are Perpetual Futures?

• No Expiration Dates: Unlike traditional futures, these contracts have no set expiry date.
• Leverage: Traders can amplify their potential profits (and losses) through leverage.
• Funding Fees: Periodic payments are made between traders to balance the price between spot and futures markets.

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Disclaimer: This content reflects the author's opinion and current market conditions. Conduct thorough research before investing in cryptocurrencies. Codeum and the author are not responsible for any financial losses.