The U.S. Commodity Futures Trading Commission has approved the first domestically listed bitcoin perpetual futures, a derivatives instrument widely used in offshore crypto markets but previously unavailable to American traders through regulated channels. The decision also clears the way for Coinbase to connect U.S. customers to global crypto derivatives markets, significantly expanding their access to leveraged trading products. Perpetual futures, which have no expiry date, are among the most traded instruments in crypto globally, with offshore platforms like Binance and Bybit long dominating this segment. The CFTC's move marks a notable regulatory shift, bringing a product class previously associated with unregulated offshore venues into the supervised U.S. financial system, potentially drawing significant trading volume back onshore.
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