Regulated Bitcoin Perps Land in the U.S., Redrawing the Battle With DeFi DEXs

The U.S. Commodity Futures Trading Commission (CFTC) approved on May 29, 2026, the first Bitcoin perpetual contract without an expiration date on a domestically registered exchange. KalshiEX launches the product under the ticker BTCPERP. On the same date, the CFTC authorizes Coinbase Financial Markets to route U.S.

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