The main US derivatives regulator said perpetual futures contracts for cryptocurrencies could trade on registered onshore platforms if they meet certain conditions, bringing to America a popular trading instrument that has until now existed almost entirely overseas.

Donald Trump publicly acknowledged crypto perpetuals for the first time, aligning with CFTC efforts to bring leveraged trading onshore to US exchanges.

The Commodity Futures Trading Commission has now established a stance on how regulated U.S. firms can engage in crypto perpetual futures contracts.