The U.S. Commodity Futures Trading Commission has approved Bitcoin perpetual futures to enter the U.S. market, marking the first time this type of crypto derivative, previously traded almost exclusively offshore, has gained regulated access within the U.S. Perpetual futures have no expiration date and use periodic funding rates to anchor spot prices. They are the most actively traded crypto derivative globally but were previously almost unavailable on regulated trading platforms in the U.S. Offshore platforms still dominate this product.