CFTC opens door to regulated crypto perps
Coinbase and Kalshi, a prediction markets platform, have received the green light from the Commodity Futures Trading Commission (CFTC) to introduce perpetual crypto futures.
For the first time, US investors will be able to access perpetual futures through regulated, domestic exchanges.
“This marks Kalshi’s evolution from a prediction market leader to next-gen derivatives exchange,” said Tarek Mansour, CEO of Kalshi.
“Onshore, safe, and regulated perps will improve capital allocation and risk management for countless American businesses.”
According to Coinbase, guidance issued by the CFTC positions the firm as the first CFTC-regulated FCM to connect US clients to global crypto options and perpetual futures liquidity.
“Like we did with prediction markets, we’ve rebuilt perps from the ground up, regulated first and institutional grade. An American exchange, under American law, offering the most expressive financial instrument ever designed, to anyone with a view worth trading,” added Mansour.
Subject to regulatory review, Kalshi aims to launch crypto perpetuals on more than a dozen cryptocurrencies.