The Commodity Futures Trading Commission (CFTC) is poised to launch perpetual crypto futures trading in the United States within approximately one month. CFTC Chairman Michael Selig confirmed the accelerated timeline Tuesday at a Milken Institute event, marking a significant regulatory development for digital asset derivatives.
Perpetual futures, which lack expiration dates and use funding rates to track underlying asset prices, are widely traded on offshore platforms. Their introduction to U.S. markets is expected to include leverage caps and enhanced transparency requirements.
Selig previously outlined a regulatory framework for these products in May 2025. The CFTC has asserted jurisdiction over crypto derivatives since 2015, with Selig prioritizing the establishment of compliant domestic trading alternatives to unregulated foreign exchanges.