Bitcoin Perpetual Futures Are Now Available for Trading. Here's What You Need to Know.

The CFTC approved the first onshore Bitcoin perpetual futures contract on May 29, 2024, making these previously inaccessible derivatives legal for American investors. While platforms like Kalshi and Polymarket are now offering perpetuals, the article warns that these high-risk instruments with up to 100x leverage are unsuitable for most retail investors. However, platforms collecting trading fees on perpetual volume, particularly Hyperliquid, could benefit from increased market activity.