In a monumental move for the cryptocurrency derivatives landscape in the United States, the U.S. Commodity Futures Trading Commission (CFTC) has granted its approval to Kalshi to offer Bitcoin-related contracts through regulated platforms. BTCPERP, the product that was approved by regulators, is tied to Bitcoin’s spot price and it is outlined as the first-ever perpetual futures contract in history to receive clear federal approval, under section 5c(c)(4) of the Commodity Exchange Act using a designated contract market framework. The ruling represents an important change for the crypto trading infrastructure, as perpetual futures have been solely found on offshore exchanges that
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