Techub News, citing Cointelegraph, reported that the US Commodity Futures Trading Commission (CFTC) approved regulated trading platform KalshiEX to list a Bitcoin perpetual futures contract at the end of May 2026. The contract is identified as BTCPERP. It references the Bitcoin spot price and is designed without an expiration date.
BTCPERP Enters a Regulated US Trading Venue
The approval brings a Bitcoin perpetual futures product into the regulated US financial market through KalshiEX. According to the reported information, the contract provides retail and institutional investors with compliant tools for leveraged trading and risk management. It also gives market participants a regulated way to obtain derivative exposure linked to the price of Bitcoin.
Bitcoin perpetual futures are derivative contracts with no fixed expiry. They allow traders to take leveraged positions on the price of Bitcoin without holding the underlying asset directly. This structure differs from traditional futures contracts, which are tied to expiration dates and require traders to manage contract rolls when positions are maintained across delivery cycles.
Funding Rate Mechanism Keeps the Contract Linked to Spot
Perpetual futures use a funding rate mechanism to keep the contract price anchored to the Bitcoin spot price. The input report states that this mechanism avoids the operational cost associated with regularly rolling traditional futures contracts. BTCPERP uses the Bitcoin spot market as its reference point while maintaining a no-expiry format for trading and risk management purposes.
Products of this type previously existed mainly on offshore exchanges. As a result, US traders had difficulty accessing Bitcoin perpetual futures within a regulated environment. The CFTC approval of BTCPERP on KalshiEX is described as an important step in the compliance process for crypto financial instruments, and the report states that it may change how market participants obtain leveraged exposure to Bitcoin.