Donald Trump · Coinbase · Bitcoin · Cointelegraph
CFTC backs crypto perpetual contracts, issues advisory on 24/7 trading
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The CFTC issued notices affecting platforms seeking to offer cryptocurrency perpetual futures contracts, including a no-action position for Coinbase and approval for Kalshi.
Key facts
- The US Commodity Futures Trading Commission (CFTC) took positions on cryptocurrency perpetual futures contracts and how the industry may be more suited for “24/7 trading, clearing, and settlement
- In a separate notice, the CFTC distinguished between the suitability of traditional markets and crypto markets for 24/7 trading
- CME Group also announces 24/7 crypto futures trading, pending regulatory review
- On Tuesday, US President Donald Trump posted to social media, supporting Michael Selig and the CFTC in their fight for jurisdiction over prediction markets
Summary
The US Commodity Futures Trading Commission (CFTC) took positions on cryptocurrency perpetual futures contracts and how the industry may be more suited for “24/7 trading, clearing, and settlement.” In a Friday notice, the CFTC said it had approved perpetual futures contracts tied to the spot price of Bitcoin for prediction markets platform Kalshi.