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ARTICLE · 10 JUNE 2026

CFTC Advances Framework For Perpetual Contracts And 24/7 Markets

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The Commodity Futures Trading Commission (CFTC or Commission) recently undertook a series of coordinated actions—including a Commission order, policy statement, staff interpretation and staff advisory...

United StatesFinance and Banking
John C. Murphy
John C. Murphy
Michael Asaro
Michael Asaro
Peter I. Altman
Peter I. Altman
Jan-Paul Bruynes
Jan-Paul Bruynes
Jason M. Daniel
Jason M. Daniel
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Key Developments

The Commodity Futures Trading Commission (CFTC or Commission) recently undertook a series of coordinated actions—including a Commission order, policy statement, staff interpretation and staff advisory—addressing perpetual derivatives and 24/7 trading.

  • The Commission approved the first perpetual bitcoin futures contract for listing on a U.S. designated contract market.
  • CFTC staff issued an interpretation permitting certain offshore perpetuals to be treated as “foreign futures.”
  • The CFTC released a policy statement emphasizing case-by-case review for listing of other perpetual contracts.
  • CFTC staff issued an advisory outlining expectations for stakeholders participating in continuous 24/7 markets.

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