-
US Crypto Perps Are Coming Within a Few Weeks, Says CFTC Chair
The US’ top derivatives regulator is gearing to open the door to crypto perpetual futures. Speaking on Tuesday at the Milken Institute’s Future of Finance conference, Michael Selig, Chairman of the Commodity Futures Trading Commission (CFTC), said the agency would establish a framework within the “next month or so”. Crypto perpetual futures, or “perps,” allow traders to hold leveraged positions indefinitely, without the inconvenience of an expiry date. They were popularised by crypto derivatives exchange BitMEX during the 2017-18 boom and have gained significant momentum recently. According to crypto data ... (full story)