All developments
CFTCLicensingJune 3, 2026

CFTC Greenlights Bitcoin Perpetual Contracts on Regulated Exchanges

The CFTC issued a policy statement clarifying how perpetual contracts — a product type common in crypto markets — can be listed on designated contract markets (DCMs), and simultaneously issued an order permitting a bitcoin spot-price perpetual contract to be listed as a futures contract. Additional perpetual contracts referencing other asset classes will be reviewed on a case-by-case basis under existing CFTC regulations. Compliance officers at crypto exchanges and custodians should note this signals formal regulatory acceptance of perpetual contracts within the CFTC-regulated futures framework, which carries associated AML, reporting, and customer protection obligations.

What to do

  • Review your product roadmap to determine whether any perpetual contract offerings would fall under CFTC DCM jurisdiction, and consult with legal counsel on the registration, AML program, and reporting requirements that would apply.

Who this affects

Crypto ExchangeCrypto CustodianBroker-Dealer / RIAOther

Does this affect your program?

Pick your institution type for an instant read on whether you're in scope — then see exactly which sections of your own policies this changes.

Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

Related developments

SEC

KalshiEX Proposes Listing Standards for Security Futures Products

KalshiEX LLC, a prediction market exchange, has filed a proposed rule change with the SEC establishing listing standards for security futures products. This is relevant to compliance officers tracking how non-traditional trading venues are expanding into regulated securities and futures territory, which carries implications for product eligibility, customer disclosures, and applicable regulatory obligations.

SEC

Coinbase Derivatives Files Rules for Cash-Settled Futures on Stocks and ETFs

Coinbase Derivatives, LLC has filed new rules with the SEC covering cash-settled futures on individual equities and ETFs, including perpetual single-stock futures. Compliance officers at crypto-adjacent broker-dealers and exchanges should monitor this development as it signals expanding regulated derivatives offerings from a major crypto platform, with implications for customer margin, product disclosures, and applicable futures/securities rules.

SEC

Bitnomial Exchange Proposes Security Futures Listing and Margin Rules

Bitnomial Exchange, LLC has filed a proposed rule change with the SEC covering security futures product listing standards and customer margin requirements. As a crypto-native exchange expanding into regulated security futures, this filing is relevant for compliance teams tracking how digital asset venues are building out their regulated derivatives frameworks and associated customer protection rules.

SEC

SEC Grants Temporary Relief for Tokenized Stock Trading Venues and Liquidity Providers

The SEC has issued a temporary conditional exemption allowing certain distributed ledger-based trading venues to operate tokenized NMS stocks without being classified as a registered 'Exchange,' and permitting certain liquidity providers in those markets to avoid the 'Dealer' definition. This is a significant development for firms building or participating in tokenized securities platforms, as it signals the SEC is actively shaping the regulatory perimeter for on-chain capital markets. Compliance officers at firms handling tokenized securities should monitor the accompanying request for comment to understand the conditions attached and the direction of future rulemaking.

Stay ahead of every rule change

PliOS monitors FinCEN, OCC, OFAC, the SEC and CFTC and tells you which of your policies each new rule affects — with the edit already drafted. Start free.

Run My Free Assessment