CFTC opened the door for regulated crypto perpetual futures trading in the U.S., clearing a path for Coinbase and Kalshi to expand into one of crypto's largest offshore-dominated markets.

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

Kalshi won CFTC approval to list a perpetual Bitcoin futures contract, bringing crypto-style perps further into regulated US markets.