CFTC Opens Path for U.S. Exchanges to Offer Perpetual Futures
The CFTC granted conditional relief allowing eligible U.S. exchanges to offer certain futures without expiration dates, including products tied to securities indexes.
The Commodity Futures Trading Commission issued the relief Oct. 3 and announced it Oct. 5. It applies to designated contract markets that meet the agency’s conditions and allows them to develop futures contracts without fixed expiration dates.
The relief followed a request from Coinbase Derivatives on Oct. 1 to waive the standard 10-business-day waiting period. Other eligible exchanges may use the relief if they meet the same requirements.
Before removing an expiration date, an exchange must consult traders with open positions and provide at least five days’ notice. Traders must be able to close their contracts under the existing terms. Exchanges must disclose the risks of the change and cannot make other material changes to the contracts.
The relief expires Oct. 20, 2026. The CFTC is also seeking public comment on leveraged cryptocurrency trading by retail investors.
The decision follows a CFTC order issued in May covering certain perpetual futures linked to bitcoin and other digital commodities. Products tied to other assets still require agency review.
KalshiEX received approval Oct. 2 to offer perpetual futures based on broad securities indexes. Perpetual futures do not have a set expiration date and are used in cryptocurrency and international derivatives markets.
The material on GNcrypto is intended solely for informational use and must not be regarded as financial advice. We make every effort to keep the content accurate and current, but we cannot warrant its precision, completeness, or reliability. GNcrypto does not take responsibility for any mistakes, omissions, or financial losses resulting from reliance on this information. Any actions you take based on this content are done at your own risk. Always conduct independent research and seek guidance from a qualified specialist. For further details, please review our Terms, Privacy Policy and Disclaimers.
Articles by this author
