CFTC Greenlights First Regulated Bitcoin Perpetual Contract for U.S. Trading

The U.S. Commodity Futures Trading Commission (CFTC) has approved the listing of what it called the first "true" Bitcoin perpetual contract on a CFTC-registered exchange, according to CFTC Chairman Mike Selig. The move signals a significant step toward bringing crypto perpetual trading under the U.S. regulatory umbrella. In a separate development, CFTC staff said certain crypto perpetual products could be treated as foreign futures. The agency also issued no-action relief allowing customer crypto assets to be used as margin with foreign brokers.