Robinhood2026-09-29 23:30:57Robinhood starts U.S. crypto perpetuals rollout with up to 10x leverageRobinhood has begun rolling out crypto perpetual futures trading in the United States, offering up to 10x leverage in its initial launch. According to TheDefiant, the first phase includes eight contracts and gives users access to no-expiry trading. The product is being offered through Robinhood Derivatives and Bitstamp. The report also said broader access is planned over the coming months, indicating the rollout is starting with a limited group before expanding further. The launch adds a new leveraged crypto trading product to Robinhood’s U.S. lineup while relying on its derivatives infrastructure and Bitstamp for execution and access.260
Kalshi2026-09-21 03:44:55Kalshi volume reporting faces scrutiny as combo bets make up about 61% of prediction market activityKalshi is facing fresh scrutiny over how it reports trading activity, with criticism that first emerged around its crypto perpetuals now spreading to its core prediction market business. Traders had questioned why ETH perpetual open interest was only in the low millions of dollars while daily volume ran into the hundreds of millions, producing unusually high turnover figures. Kalshi crypto lead IcoBeast responded by separating the perpetuals business from the crypto prediction market, saying the prediction market does not use the same kind of market-making rebates and that its reporting methodology can be compared with peers. The debate did not stop there. Prediction market trader @retardmode said roughly 61% of Kalshi’s disclosed volume comes from multi-event combination bets, or parlays, where several outcomes are bundled into a single ticket and all must be correct to win. According to that explanation, Kalshi counts volume based on the $1 face value of each contract rather than the user’s actual cash outlay. In one example, a user spends $1 on a combo ticket that pays $14.1 if every leg wins, while the platform records $14.1 in volume. Based on that method, Kalshi’s real daily volume was estimated at about $136 million, versus $1.91 billion reported publicly.310
Bitcoin2026-09-10 13:04:27Coinbase CEO Brian Armstrong says $400,000 Bitcoin by 2030 remains a reasonable targetCoinbase CEO Brian Armstrong said Bitcoin reaching $400,000 by 2030 still looks like a reasonable target, even with BTC trading near $77,000. Speaking to CNBC's Squawk Box Asia on Thursday, Armstrong said he believes the latest Bitcoin cycle has already found its bottom after the market moved through roughly a year of decline. He also pointed to Bitcoin's familiar four-year cycle and said rallies often appear ahead of halving events, with the next halving due in about 18 months. In his view, the next one to two years should be favorable for Bitcoin. Armstrong also spoke positively about U.S. crypto regulation. He said the Senate is set to vote on the Clarity Act on September 15 and that, based on his conversations in Washington, the bill appears ready to win approval. He added that law enforcement groups, many banks, and crypto companies support it, while earlier Coinbase objections have been addressed. The unresolved issue involves ethics rules tied to the president's family crypto ventures. Even if the bill stalls, Armstrong said the SEC and CFTC are prepared to move ahead with rulemaking and innovation exemptions under existing authority, leaving him expecting regulatory clarity within a month. He also said passage of the bill would open the door to tokenized equities and perpetual futures for U.S. customers.840
Hyperliquid2026-09-09 12:12:50Hyperliquid policy arm backs CFTC, seeks dismissal of CME lawsuitHyperliquid Policy Center has filed a legal brief in federal court in Washington, D.C., asking the court to throw out a lawsuit brought by CME against the U.S. Commodity Futures Trading Commission, according to Hyperliquid News. The dispute stems from the CFTC’s earlier approval allowing Kalshi to offer regulated cryptocurrency perpetual contracts in the United States. CME had previously challenged that regulatory decision in court. In its filing, Hyperliquid’s policy arm sided with the CFTC and argued that CME’s case should be dismissed. The move places Hyperliquid Policy Center directly behind the regulator in a case tied to the legal treatment of crypto perpetual products in the U.S. market.810
Crypto Perpet2026-08-01 23:13:09Lawyer Examines When Crypto Perpetuals Could Be Treated as Gambling in Mainland ChinaWuBlockchain republished an article by lawyer Liu Zhengyao that analyzes how crypto perpetual contracts may be treated under mainland China’s criminal law. The piece says the key issue is not the product label itself, but how a platform is structured and operated. It reviews the legal distinction between gambling and operating a casino, then tests crypto perpetuals against several factors cited by the Procuratorial Daily, including chance-based outcomes, whether the platform acts as a broker or a house, whether USDT can count as property used for betting, and whether the business shows operational and control characteristics. The article argues that extremely high leverage combined with unusually low liquidation thresholds can push perpetual trading closer to a gambling model, especially if the platform profits directly from user losses or manipulates K-line data. It also discusses when fraud or illegal business operation charges might apply, and stresses that liability should be assessed separately for investors, developers, operators, agents, and ordinary users. Liu’s conclusion is that in mainland China, perpetual contract business has no lawful operating space, and criminal exposure depends heavily on the actual design and role of each participant.1830
ESMA2026-07-22 10:16:13ESMA Warns Leveraged Crypto Perpetuals May Fall Under EU CFD RulesESMA said leveraged products marketed as crypto perpetual futures or perpetual contracts may be treated as CFDs in the EU, with classification based on structure and settlement rather than product naming.1820
ESMA2026-07-09 18:52:13ESMA Moves to Classify Crypto Perpetuals Under CFD Rules in the EUESMA warned that leveraged, cash-settled crypto “perpetual futures” sold to retail investors are likely subject to CFD rules, signaling tighter EU oversight of high-risk crypto derivatives.1370
Coinbase2026-06-11 06:53:05Coinbase Approved to Offer Global Crypto Perpetuals to U.S. UsersCoinbase CEO Brian Armstrong said the exchange has received approval from the U.S. Commodity Futures Trading Commission and plans to launch its own global crypto perpetuals product on July 21.450
