US greenlights bitcoin perpetual futures as Hyperliquid expands offshore
TL;DR Summary
The US Commodity Futures Trading Commission approved listing of a bitcoin perpetual futures contract on registered exchanges—the first of its kind in the US—with other assets to be reviewed case by case. The move follows Hyperliquid’s rapid offshore growth, notably in oil-linked contracts spurred by the Iran war, and signals regulators’ closer scrutiny of 24/7, high‑leverage trading. It could prompt regulated rivals like Kalshi, Coinbase, and ICE to offer similar products, while concerns about leverage, price manipulation, and access for US traders persist.
- US agrees ‘perpetual’ futures trading after offshore Hyperliquid’s huge growth Financial Times
- Kalshi to offer perpetual futures contracts in prediction market expansion Axios
- One of the hottest crypto products in the world is finally coming to the U.S. MarketWatch
- US Paves Way for Onshore Crypto-Linked Perpetual Futures Bloomberg.com
- Coinbase, Robinhood Stocks Soar as Regulator Permits Crypto Perpetual Futures for U.S. Barron's
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