The planned ICE-Trade[XYZ] perpetual futures market requires regulatory approval from the Commodity Futures Trading Commission (CFTC), including authorization for leveraged trading, with no launch date set

Futures, options, and perpetual swaps tied to digital-asset prices, letting traders hedge or lever positions and often dwarfing spot volumes.

Ongoing legal fight over which digital assets count as securities under investor-protection law and which are commodities, determining whether the SEC or CFTC oversees them.