The U.S. derivatives regulator cleared a Bitcoin-linked perpetual futures product, citing precedent that a contract’s futurity does not require a fixed final delivery date.
The CFTC (U.S. derivatives regulator) has approved BTCPERP as its first regulated perpetual futures contract. The decision rests on precedent that a contract can satisfy the futurity requirement without a fixed final delivery date, a notable point for perpetual futures, which are designed to continue without standard expiry dates. The approval marks a regulatory milestone for a crypto derivatives structure widely used in offshore markets and suggests a pathway for similar products within U.S.-regulated venues.