U.S. regulators are studying the introduction of perpetual contracts in the national market.

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) of the United States are considering measures to introduce perpetual contracts in the domestic market under an appropriate regulatory framework.

What are perpetual contracts?

Perpetual contracts are widely used derivative financial instruments in the cryptocurrency market. Unlike traditional futures, they have no expiration date and allow traders to hold long-term positions without the need to renew contracts.

Current market situation

Currently, these contracts are primarily traded on foreign cryptocurrency platforms due to regulatory restrictions in the United States. This situation has led to a significant outflow of capital towards offshore markets.

Objectives of the regulatory initiative

The proposed new regulations would allow perpetual contracts that meet strict investor protection and risk management standards to be included on trading platforms supervised by the SEC and the CFTC. The main objectives of this initiative are:

• Reduce capital flight to foreign platforms
• Provide U.S. traders with products that have transparent leverage limits
• Implement a more robust risk management in the crypto derivatives market

Potential impact on the market

The introduction of regulated perpetual contracts in the U.S. market could have a significant impact:

1. Greater liquidity: The participation of institutional investors could increase, improving market depth.
2. Reduction of volatility: Stricter regulation could lead to more stable trading practices.
3. Competition between platforms: Major trading platforms may be forced to adapt their offerings for the U.S. market.

Regulatory Challenges

Despite the potential benefits, regulators face several challenges:

• Clearly define the legal nature of perpetual contracts
• Establish effective oversight mechanisms
• Balance financial innovation with investor protection

The industry is watching closely how this regulatory framework will develop and its impact on the global landscape of cryptocurrency derivatives.