U.S. crypto firms urge the CFTC to regulate perpetual futures.
Coinbase plans 24/7 futures, pushing for compliant access.
Unregulated global markets may pull U.S. traders abroad.
The crypto industry is urging the Commodity Futures Trading Commission (CFTC) to establish clear regulations for perpetual contracts, a type of derivative that allows indefinite position holding without expiration. Industry players argue that current regulatory ambiguity is hindering innovation and placing U.S.-based platforms at a competitive disadvantage globally.
Perpetual contracts have surged in popularity internationally, particularly in Asian and European markets, where exchanges freely offer these products. However, a regulatory purgatory exists in the States that keeps domestic sites wary and makes only limited product offerings possible under sharply restrictive conditions.
Coinbase and Industry Leaders Buttress Reform
Coinbase, the largest U.S.-based crypto exchange, is embarking upo
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