The United States may open up the crypto perpetual contract market

According to the latest report from Bloomberg, the cryptocurrency market is facing major potential changes - many industry veterans expect that crypto perpetual contracts, which are the pillar of daily trading volume on global cryptocurrency exchanges, may gradually open their doors to American investors. It is worth noting that although US regulators have not yet officially approved such products, a series of recent regulatory trends have attracted great attention from the market.

Recently, the U.S. Commodity Futures Trading Commission (CFTC) announced the withdrawal of two employee consultation documents. The CFTC emphasized that this move is aimed at ensuring that the regulatory framework's review standards for digital asset derivatives are consistent with those of traditional commodities or financial derivatives, and avoiding differentiated regulatory arbitrage space. This move was interpreted by the market as an attempt by regulators to bridge the regulatory gap between crypto assets and traditional financial markets.

At the same time, Coinbase Derivatives, the derivatives division of the leading crypto platform Coinbase, also revealed its strategic layout last month: it is preparing to bring the first compliant crypto perpetual contract in the U.S. market to investors. If this product is launched, it will not only fill the gap in the U.S. domestic derivatives market, but may also prompt more crypto exchanges to accelerate the compliance process. According to data from the on-chain data analysis platform Skew, the current average daily trading volume of global crypto perpetual contracts has exceeded US$50 billion. If the U.S. market opens, this scale is expected to surge further.

Industry experts pointed out that although there are still uncertainties in the short term, the CFTC's regulatory adjustments and Coinbase's actions have released positive signals-the U.S. crypto market is shifting from "passive compliance" to "actively exploring regulatory adaptation paths", which may reshape the competitive landscape of global crypto derivatives in the future.