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73 Greed
Regulation CFTC Neutral

CFTC allows exchanges to convert certain futures into perpetual contracts

CFTC allows exchanges to convert certain futures into perpetual contracts Image: Crypto Briefing
Image via Crypto Briefing.

The Commodity Futures Trading Commission issued conditional relief allowing designated contract markets to convert qualifying futures into true perpetual contracts by removing expiration dates. Exchanges must meet specific safeguards including participant feedback, advance notice, customer exit options, and risk disclosures. The relief provides a temporary window for U.S.-regulated venues to structure perpetual exposure under existing rules.

Key points

  1. The CFTC issued staff guidance allowing designated contract markets to remove expiration dates from qualifying futures.
  2. The regulatory relief is temporary and requires exchanges to certify compliance under existing rules.

Why it matters

Regulated U.S. exchanges gain a temporary path to test true perpetual futures structures under explicit customer protection conditions, bringing this contract design into mainstream derivatives infrastructure.

What's unclear

One report states the action applies to digital commodity futures while the other states it applies to broad-based security index futures.

Sources · 3 publishers

CoinGape Tier 2 First report
BREAKING: CFTC Approves Kalshi S&P 500 Stock Index Perpetual Futures
Crypto Briefing Tier 2
CFTC no-action letter lets exchanges turn crypto futures into true perpetuals
NewsBTC Tier 2
CFTC Lets Exchanges Convert Index Futures Into True Perpetual Contracts

Coverage timeline

  1. First reported by CoinGape
  2. Confirmed by Crypto Briefing
  3. CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error

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