Perpetual futures remain unapproved in the United States and currently trade mainly on offshore exchanges such as Binance, OKX, and Bybit as of May 2025

Quotes that support claims

Crypto perpetuals are not currently permitted in the US and are traded on large offshore centralized exchanges, such as Binance, OKX, and Bybit.

Crypto perpetual futures is a type of derivatives contract that allows traders to speculate on the price of a given cryptocurrency without an expiry date. While the crypto futures trading market has grown tremendously, accounting for about $3.7 trillion in volume in April, its trading is not yet approved in the U.S.