CFTC Approves First Bitcoin Perpetual Futures Contract, Opening U.S. Regulated Perps Market

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According to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) approved the first regulated exchange to list and trade Bitcoin perpetual futures (Perps), marking a historic first in U.S. regulatory history. CFTC Chair Mike Selig described the move as a "major advancement," noting that perpetuals serve as foundational risk management and price discovery tools in global crypto markets. The agency committed to establishing an operational regulatory framework for such contracts while limiting excessive leverage and systemic risk. Perpetual futures had previously migrated to offshore jurisdictions due to regulatory gaps.
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