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Regulatory Clarity Delays Could Keep On-Chain (on a blockchain) Perpetual Futures (no-expiry crypto derivatives) Offshore, Sidelining U.S. Traders

A social post warns that without clear U.S. rules from the SEC (U.S. securities regulator) and the CFTC (U.S. derivatives regulator), smart contract (self-executing blockchain code) derivatives may remain offshore, limiting access for domestic users.

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Terms & Concepts
  • Perpetual futures: No-expiry derivatives that track an underlying asset and use funding rates to anchor prices to spot markets.
  • On-chain derivatives: Financial contracts executed and settled directly on a blockchain via smart contracts, without centralized intermediaries.
  • Smart contract: Self-executing blockchain code that enforces transaction terms automatically when predefined conditions are met.