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Financemagnates

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CFTC Might Regulate Crypto Perpetual Futures “Very Soon”: Commissioner Mersinger

  • Outgoing CFTC Commissioner Summer Mersinger mentioned that the agency might authorize crypto perpetual contracts circulation soon, aiming to bring trading back to the US.
  • Perpetual contracts, popularly known as "perps", are similar to regular futures but do not have expiration dates, allowing indefinite holding.
  • Currently, these contracts are more popular outside the US, with exchanges like Binance, OKX, and Bybit leading the market globally in offering over 500 crypto perpetual pairs.
  • Mersinger highlighted the importance of regulating perpetual contracts in the US as it would benefit the markets and the industry as a whole.

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