CFTC Grants June 30 Relief for Digital Commodity Perpetual Futures Conversion
Updated
Updated · Markets Media · Jun 15
CFTC Grants June 30 Relief for Digital Commodity Perpetual Futures Conversion
2 articles · Updated · Markets Media · Jun 15
Summary
The CFTC’s Division of Market Oversight said designated contract markets can strip expiration dates from existing perpetual-style digital commodity futures and convert them into true perpetual futures under a no-action letter.
The relief follows recent CFTC actions clarifying how true perpetual futures tied to bitcoin and other digital commodities with deep, active and continuous spot trading should be regulated.
DCMs must first seek feedback from traders with open positions, give advance notice and an exit opportunity, provide risk disclosures, and keep all other material contract terms unchanged.
They also must file the amendments under Regulations 40.5 or 40.6 and certify compliance with the letter’s conditions; the no-action positions expire on June 30, 2026.