Green Light for Crypto Continuous Futures in the United States: "The message" very soon "from CFTC
CFTC commissioner Summer Mersenger said that the legal approval of the constant crypto futures in the USA is very close to the CFTC commissioner, this development will be a big turning point for markets, he said. It is aimed that the US will become a center in this field.
The US Commodity Futures Commission (CFTC) commissioner Summer Mersenger announced the long -awaited development in crypto derivative markets: Perpetual (Continuous) Futures Contracts may soon begin to be officially traded in the USA.
Speaking to Bloomberg TV on May 22, Mersinger said that the release of these products is “very close ,“ These contracts may now come to the market. We have received some applications and we can soon see that these products are traded personally. ”
Perpetual term transactions allow investors to take positions at the price without direct purchase. The difference from traditional term transactions is that there is no end -in -law and the theoretically kept the positions indefinitely. In addition, it is widely preferred by professional traders as it can be performed with high leverage.
However, these products are currently not legally traded in the USA. Today, offshore, such as Binance, OKX and Bybit, is offered at exceeding $ 95 billion per day in stock exchanges. Binance is the leader in this segment with more than 500 Perpetual processes and leverage up to 125x.
Mersinger said that if these products will be traded within the US boundaries within the regulation, it will provide a great advantage in terms of investor protection, market security and economic participation. “It would be very useful for the sector that the US has become a center in this field,” he said.
In addition, Mersinger said that the Genius Stablecoin Draft Law, which has recently made progress in the US Senate, also supports this approach: “This asset class is permanent. The US should reinforce its global economic power with crypto.”
Mersinger, who will leave his post at the end of May, will serve as the CEO of Blockchain Association, which carries out lobbying activities on behalf of the crypto sector as of June 2. This transition is expected to contribute to the establishment of regulation and sector relations more balanced.