Discussion

• @chairmanselig Mike Selig on x

  ...This morning, the @CFTC took historic action to permit the listing of a true bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of the most liquid segments of the crypto asset markets to exist within the US regulatory framework.

• @bitgo @bitgo on x

  Ever since the first perpetual contract was pioneered in 2016, the massive liquidity driving crypto derivatives has largely been forced offshore due to U.S. regulatory uncertainty. Today's @CFTC policy statement completely shifts the paradigm. By concurrently approving the first

• @brian_armstrong Brian Armstrong on x

  Big day for our US-based traders, and for Coinbase.  Until now, US users have been locked out of ~80% of global crypto markets (perpetual futures and options).  But not anymore!  Coinbase is the first and only regulated platform able to connect US users to global crypto options a…

• @chairmanselig Mike Selig on x

  Today's action to onshore crypto asset perpetuals reflects the @CFTC's commitment to fostering responsible innovation while ensuring that these novel products are traded on regulated exchanges that uphold customer protections and market integrity. This commitment guided my

• @iampaulgrewal Paul Grewal on x

  Regulated crypto options and perps are coming to @Coinbase for US customers. A massive first for the industry, thanks to the @CFTC and Chairman @MichaelSelig's commitment to US innovation. We're bringing proven global products under American regulation which is exactly how we

• @adamscochran Adam Cochran on x

  In the crypto space, a novel type of financial swap was created called “the perpetual future”.  You put up a percent of margin and buy the position.  Instead of it expiring at a certain date, you simply pay a funding rate.  That funding rate isn't a fee by the dealer, instead it'…

• @scaramucci Anthony Scaramucci on x

  Huge moment for Coinbase and crypto as they become the first to bring global futures and options to US customers in a regulated way. Congrats to the team. @johnjdagostino

• @chairmanselig Mike Selig on x

  In years past, bureaucratic regulators approached the new frontier of finance with the assumption that innovation itself represented a threat to the public interest. This decelerationist approach resulted in regulation-by-enforcement and forced American innovators and builders to

• @faryarshirzad Faryar Shirzad on x

  Chairman @MichaelSelig and the @CFTC are delivering on the promise of innovation for American investors. Regulated crypto options and perpetual futures are coming to @coinbase for users in the US. Bringing these derivatives into our US regulatory perimeter, backed by our FCM

• @anndrrson @anndrrson on x

  access to perp futures and options is massive moat in US competition against robinhood for coinbase

• @coinbase @coinbase on x

  We're bringing global crypto derivatives to the U.S. Coinbase is the first regulated company to bring global crypto options & perpetual futures to the States, thanks to @CFTC. → Tap the deepest crypto options & perps liquidity → Access >$31B BTC options OI via Deribit → [image]

• @kylekuzma @kylekuzma on x

  When I first invested in Kalshi, the idea of launching regulated perps felt ambitious yet attainable after meeting n of 1 engineers like Lior. For those not deep into market structure and derivatives, this is a very big deal. After years of waiting, perpetual futures are coming

• @saylor Michael Saylor on x

  CFTC guidance advances Bitcoin capital markets: 24/7 trading, BTC collateral, perpetual futures, options, and regulated access. Good for $BTC holders, powers the $MSTR engine, and supports the rise of $STRC as Bitcoin-backed Digital Credit.

• @edels0n Ed Elson on x

  The CFTC just approved bitcoin perpetual futures in the U.S. — Kalshi gets the first listing, Coinbase's U.S. customers get access through its Deribit affiliate. Crypto is getting the infrastructure of traditional finance, fast.

• @petermintzberg Peter Mintzberg on x

  A major step forward for the industry As a member of the @CFTC's Innovation Advisory Committee, I'm encouraged by the growing dialogue between builders, market participants, and regulators as this ecosystem matures

• @hyperliquidpc @hyperliquidpc on x

  We welcome today's CFTC actions: approval of the first U.S.-listed perpetual derivatives contract, an accompanying Commission policy statement on the listing of perpetual derivatives, related interpretive guidance and no-action relief from the Market Participants Division, and a

• @alfred_lin Alfred Lin on x

  $90T in annual volume. One of the fastest-growing financial products in the world. All of it offshore, inaccessible to U.S. institutions in a regulated environment. Until today. @Kalshi is now the first U.S. exchange with CFTC approval to offer perpetual futures. The best

• @johnjdagostino John D'Agostino on x

  This is a big one. Normally the US leads in financial innovation. We're forced to play catch-up here due to prior anti innovation oversight...the good news is we have a wide user base and lots of demand. So won't be long before US capital markets are bumping up against global

• @econoar Eric on x

  The CFTC has officially broken the dam on US-regulated crypto derivatives, approving Kalshi's Bitcoin perpetual futures contract (BTCPERP) for listing on a Designated Contract Market (DCM). This is a massive, structural milestone for the entire crypto ecosystem. For years, the

• @shaundadevens Shaunda Devens on x

  Perpetuals have no expiry and never physically deliver. In the U.S., that pushed them into the futures framework: DCM execution, DCO clearing, FCM intermediation, and CCP-style margining. To be compliant, U.S. perps had to take two steps back to fit this legacy system. For [image…

• @icobeast @icobeast on x

  Fun fact - Kalshi's BTC Perp contract approved today by CFTC is the first approved new product in over >10 years. Really cool (and extremely rare) to be part of true financial innovation in 2020s [image]

• @luanalopeslara Luana Lopes Lara on x

  I started working on perps in December 2024 with some of my favorite people at Kalshi.  A year and a half later, and with some more amazing people joining the company and helping make this a reality, we're finally launching the first perpetual futures product in the US... This is…

• @aleximm Alex Immerman on x

  Views don't always have an end date. Perpetual futures are finally coming to America. Traditional futures force one through expirations and rollovers. Perps let you hold a view for as long as the view exists. Perps already trade over $100B in daily global volume. America is

• @mansourtarek_ Tarek Mansour on x

  The First American Perpetual Future. Kalshi. [image]