CFTC Chair: “Today Is a Historic Day for the Cryptocurrency Market”
The US Commodity Futures Trading Commission (CFTC) has marked a significant milestone for cryptocurrency markets.
CFTC Chairman Mike Selig announced that the institution has approved the first real Bitcoin perpetual futures contract to be traded on a CFTC-licensed exchange.
Selig stated, “This morning, the CFTC took a historic step by allowing the listing of a real Bitcoin perpetual contract on a CFTC-registered exchange. This paves the way for one of the most liquid segments of the crypto asset markets to operate within the US regulatory framework.”
According to a statement released by the CFTC, the institution has officially approved the BTCPERP contract offered by KalshiEX LLC, which has designated contract market (DCM) status. BTCPERP, which references the spot price of Bitcoin, was deemed a futures contract by the CFTC and its listing was permitted.
Related News: BREAKING: Donald Trump Announces Lifting of Iran Sanctions – Hot Moments Unfolding
Kalshi submitted the product to the CFTC today for review and approval under Commission Regulation 40.3. Following its assessment, the Commission determined that the BTCPERP contract complies with the Commodity Exchange Act and related regulations.
The CFTC stated that during its review process, it evaluated the structure of the contract, the characteristics of the underlying Bitcoin market, and the product’s compliance with regulatory requirements. The approval decision stipulated that Kalshi must list and maintain the contract in compliance with all applicable regulations.
The Commission also noted that perpetual futures contract design may not be suitable for every asset class. Therefore, market participants wishing to develop similar perpetual contracts for assets other than Bitcoin are encouraged to contact CFTC staff under the voluntary product approval process and submit their products for Commission review.
*This is not investment advice.
Continue Reading: CFTC Chair: “Today Is a Historic Day for the Cryptocurrency Market”
Potrebbe anche piacerti
Robinhood (HOOD) Stock Hits Turbulence After Three Price Target Cuts in Two Days
Tesla (TSLA) Stock: What a SpaceX Merger Could Mean for Shareholders
How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings
Notizie di tendenza
Altro
