CFTC Approves Kalshi to Launch First U.S. Bitcoin Perpetual Futures
- Kalshi has received approval from the CFTC to list a Bitcoin perpetual contract referencing the spot price.
- This is the first-ever true Bitcoin perpetual contract approved in the U.S., allowing access to BTC futures domestically.
- CFTC Chair Michael Selig emphasized this as a historic action for onshoring crypto asset perpetuals in the U.S.
- Kalshi plans to expand its offerings to include crypto perpetuals for over a dozen currencies, pending regulatory review.
- Coinbase is also set to offer crypto perpetuals, becoming the only regulated platform connecting U.S. users to global options and futures.
The approval of Kalshi’s Bitcoin perpetual contract represents a significant milestone in making cryptocurrency derivatives accessible within the U.S. regulatory framework, enhancing market integrity and customer protections.
With this development, both Kalshi and Coinbase are positioned to drive innovation in the crypto space, particularly as derivatives account for approximately 80% of global trading volume.(Source)
