CFTC Approves Crypto Perpetuals, Signals 24/7 Trading
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- CFTC granted a no‑action relief for Coinbase and approved Kalshi to offer crypto perpetual futures, marking its first regulatory green light for such derivatives at a regulated firm.
- Paul Grewal, Coinbase’s chief legal officer, called the decision a “massive first for the industry” in a Friday X post, noting that Coinbase launched stock perpetual futures for non‑US traders in March.
- CFTC issued a separate notice stating that derivatives referencing crypto assets are well‑suited for 24/7 trading due to digital infrastructure and global reach, unlike agricultural markets.
- CME Group announced plans to launch 24/7 crypto futures trading, pending regulatory review.
- Donald Trump posted support for Michael Selig and the CFTC’s claim of exclusive jurisdiction over prediction markets, amid state lawsuits challenging such platforms.
Why it matters: Crypto traders and exchanges gain the first regulated green light for perpetual contracts, expanding liquidity, while the CFTC’s 24/7 endorsement could accelerate market‑wide adoption of nonstop crypto futures.
