For years, crypto’s most-used financial derivative was one that American investors technically couldn’t access while complying with the law. That changed on May 29, when the Commodity Futures Trading Commission (CFTC), the federal derivatives regulator, cleared the first onshore Bitcoin (CRYPTO: BTC) perpetual futures contract.
Now, all sorts of different platforms are going to start offering perpetuals to their users. The prediction market Kalshi switched on Bitcoin perpetuals in early June, and Polymarket is preparing a rival product.
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