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CFTC Chair Michael Selig Aims For U.S. Crypto Perpetual Futures In a Month
Perpetual futures trading may reach U.S. crypto markets within about a month. CFTC Chair Michael Selig said guidance to support the launch could come within weeks. Selig spoke Tuesday at a Milken Institute event in Washington. He described a push to move perpetual trading onshore and under U.S. rules. Selig sets a near term goal for U.S. perpetual futures: Selig said the agency is working toward “true perpetual futures” in the United States. He added that the target is “within the next month or so.” Perpetual futures are widely used on offshore crypto exchanges. In the U.S., these products have faced limits ... (full story)