🚨 Regulatory Update
The U.S. Commodity Futures Trading Commission (CFTC) has issued a No-Action Letter allowing designated contract markets (DCMs) to convert existing digital commodity perpetual-style futures contracts into perpetual futures contracts without expiration dates.
To ensure investor protection, DCMs must meet specific requirements, including gathering feedback from position holders, providing advance notice and exit opportunities, and delivering clear risk disclosures.
Importantly, no other material contract terms may be changed during the conversion process. DCMs are also required to submit amended filings and certify compliance with all applicable regulations.
This no-action relief will remain effective until June 30, 2026.
📈 A notable step toward greater flexibility and development in the digital asset derivatives market.