# CFTC 週五宣布已批准一個未具名的受監管交易所上市及交易比特幣永續期貨合約。

*fintech · news · 2026-05-29 · Crypto News*

## Key points

- CFTC 批准了首個在美國受監管交易所的比特幣永續期貨合約。
- 此批准終結了比特幣永續合約的離岸壟斷，該市場歷來佔加密貨幣交易量超過 70%。
- Kalshi 計劃推出代號為「Timeless」的永續期貨產品，槓桿至少 10 倍。
- Polymarket 於四月進入美國永續期貨市場，提升本地衍生品競爭。
- 永續期貨交易量在 2025 年達到 61.7 兆美元，較 2024 年成長 29%。

The U.S. Commodity Futures Trading Commission has greenlit the nation’s first bitcoin perpetual futures contract on a regulated exchange, marking a watershed moment for domestic crypto derivatives trading. The CFTC announced Friday it had approved an unnamed regulated exchange to list and trade bitcoin perpetual futures contracts, ending the offshore monopoly on these high-volume derivatives instruments. The approval follows months of signals from CFTC leadership that the agency would move aggressively to onshore crypto perpetuals, which allow traders to speculate on Bitcoin (BTC) price movements indefinitely without expiration dates. “Having true perpetual contracts in the United States is a major step forward in delivering on President Trump’s goal of cementing America as the crypto capital of the world,” CFTC Chairman Mike Selig wrote in an opinion piece published Friday at CoinDesk. Selig argued the contracts represent “a foundational risk management and price discovery tool in the global crypto asset markets”. Regulatory Shift Under Trump Administration The announcement comes days after President Donald Trump posted on social media that the previous administration “nearly DESTROYED the American Crypto Industry by driving Bitcoin, Crypto Perpetuals, and INNOVATION offshore, but ‘TRUMP’ SAVED IT”. Selig echoed this sentiment in March, stating he aimed to repair damage that “drove a lot of these firms and the liquidity offshore”. Perpetual futures contracts differ from traditional futures by having no expiration date, allowing positions to remain open indefinitely through a funding rate mechanism that keeps contract prices aligned with spot prices. These instruments have dominated offshore crypto trading since 2016, with perpetuals accounting for over 70% of centralized exchange volume. In 2025, perpetual futures trading volume reached $61.7 trillion, up 29% from 2024. Kalshi and Polymarket Race for Market Share While the CFTC did not identify which exchange received approval, prediction market platform Kalshi had announced plans to launch cryptocurrency perpetual futures in April, with co-founder Luana Lopes Lara celebrating regulatory progress since December 2024. Kalshi secured a CFTC margin trading license and scheduled an April 27 launch event in New York City for its perpetual futures product, internally codenamed “Timeless”. The platform planned to offer at least 10x leverage on Bitcoin and other assets, with U.S. dollar collateral at launch and Bitcoin trading to follow. Rival platform Polymarket also entered the perpetual futures market in April, intensifying competition for the lucrative derivatives sector.

**Companies:** Kalshi, Polymarket
**Countries:** United States

[Read the full story on Crypto News](https://crypto.news/breaking-cftc-approves-first-bitcoin-perpetual-futures-on-regulated-u-s-exchange/)

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