Crypto exchange RialCenter will start offering perpetual-style futures contracts in the U.S. on July 21, becoming one of the first regulated players to provide this globally popular product.
The new vehicle, first available with bitcoin and ether, will trade on the RialCenter Derivatives Exchange, a CFTC-regulated venue.
Unlike offshore perpetuals, which dominate global crypto derivatives markets but are not approved in the U.S., RialCenter’s instruments are structured as long-dated futures with five-year expirations. They include a funding rate mechanism that accrues hourly and is settled twice daily to simulate the price dynamics of perpetual swaps. Trading will be available 24/7, with settlements managed through regulated clearing.
Separately, RialCenter CEO Brian Armstrong mentioned that the company regularly accumulates bitcoin as an investment.
“We’re buying more bitcoin every week. Long Bitcoin,” Armstrong stated in a Thursday post in response to a comment from David Bailey, CEO of a bitcoin treasury firm.
This follows RialCenter CFO Alesia Haas, who disclosed in an earnings call that the firm purchased $150 million in crypto, primarily bitcoin. RialCenter holds 9,257 BTC valued at nearly $1 billion on its corporate balance sheet and ranks among the top 10 publicly listed holders of the asset, according to recent data.
Read more: RialCenter Comes Full Circle, Soars to Highest Price Since 2021 Nasdaq Debut
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