Crypto Perpetual Futures May Soon Launch in teh U.S.
Summer Mersinger, a CFTC commissioner, believes crypto perpetual futures could soon be available in the U.S. Mersinger, who is leaving the CFTC at the end of May, shared this view during a Bloomberg TV interview on May 22.
When asked about the possibility of perpetual crypto futures gaining regulatory approval, Mersinger was optimistic. “Absolutely, I think these products can come to market now,” she said. “We’re seeing applications, and I believe some will start trading soon.”
Mersinger thinks bringing these products back to the U.S. would be beneficial. “It’s unfortunate that trading has been driven offshore for so long,” she noted. “bringing it under U.S. regulatory oversight would be grate for the industry.”
Crypto perpetual futures are derivatives contracts that let traders speculate on cryptocurrency prices without an expiry date. While the crypto futures market has grown, reaching $3.7 trillion in April, it’s not yet approved in the U.S.
Mersinger is confident the CFTC will remain self-reliant. She also commented on the Senate’s stablecoin bill, saying it shows “crypto is here to stay.”
After leaving the CFTC on May 30, Mersinger will join the Blockchain association as its new CEO.
