The U.S. Commodity Futures Trading Commission has greenlit the first U.S.-listed bitcoin perpetual futures and opened the door for Coinbase to route American traders into global crypto derivatives markets.

The CFTC issued an order allowing Kalshi to offer perpetual futures in the U.S., starting with contracts tied to Bitcoin's price.

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