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CFTC’s Selig signals green light for crypto perpetuals

Michael Selig,testifies in nomination hearing to be Commissioner of the Commodity Futures Trading Commission.
Photo: Andrew Harnik/Getty Images

The derivative contracts, which trade widely offshore, will likely soon come to US markets with faster listings via self-certification.

Crypto-linked perpetual futures contracts, financial instruments that let traders maintain leveraged exposure to crypto prices without rolling positions at expiry, might be coming to US trading venues “within the next month or so.” The prospect was recently indicated by CFTC Chair Michael Selig at the Milken Institute’s Future of