US Crypto Firms Urge CFTC to Clarify Perpetual Futures Rules

U.S. crypto businesses are calling on the Commodity Futures Trading Commission (CFTC) for clearer regulations on perpetual contracts, a type of derivative that allows traders to hold positions indefinitely without expiration dates. The push comes from Coinbase’s plans to launch 24/7 futures trading on Bitcoin and Ethereum. However, the lack of established guidelines is hindering innovation in the U.S., with firms facing challenges in offering full-scale perpetual contracts.