Coinbase’s Ryan VanGrack: CFTC Approval “Opens Many Doors” for Bitcoin

REGULATORY DECISIONCoinbase’s Ryan VanGrack:CFTC Approval “Opens ManyDoors” for Bitcoin44IMPORTANCEQUIET2NEWS MEDIA2PIECESOct 6, 2026 04:13blockboard.net
In Bitcoin Memecoins Regulation Derivatives

The CFTC issued a no-action letter on October 3 that gives Coinbase Derivatives and other designated contract markets room to list perpetual-style futures without expiration dates. Coinbase’s Ryan VanGrack later said the move opens many doors for Bitcoin, while also pointing to the SEC’s proposed custody rules as another change that could affect how investment advisers help clients hold Bitcoin directly.

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What this rests on

Claim by claim, with its source
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Ryan VanGrack said the CFTC approval opens many doors for Bitcoin.
Coinbase’s Ryan VanGrack: CFTC Approval “Opens Many Doors” for Bitcoin
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VanGrack also linked the discussion to the SEC’s proposed custody rules, saying they could make it easier for investment advisers to help clients own Bitcoin directly.
Coinbase’s Ryan VanGrack: CFTC Approval “Opens Many Doors” for Bitcoin
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On October 3, the CFTC’s Division of Market Oversight issued a no-action letter covering Coinbase Derivatives and other designated contract markets that remove expiration dates from perpetual-style futures contracts.
CFTC opens path for true perpetual futures on US regulated exchanges
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The letter says the CFTC will not bring enforcement actions against Coinbase Derivatives or any designated contract market that eliminates expirations for these contracts.
CFTC opens path for true perpetual futures on US regulated exchanges

What it means

Who it affects, what changes and what is still unconfirmed

Each sentence links inside to the piece that supports it.

Traders and exchanges that work with Coinbase Derivatives are the immediate audience for this change, because the CFTC’s letter gives them a defined path to list perpetual-style futures in the regulated US market. Coinbase’s VanGrack framed the move as one that opens many doors for Bitcoin, which means market participants now see a rule shift they can react to right away.

Market reaction

BT Bitcoin market event: it is read against the reference from 2 h before to 4 h after the line marks the first headline
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+0.00 % before publication
+0.07 % after
$85,495price at publication
12series points

How the story was built

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first
Oct 5 21:14
+6 h 52 m
Oct 6 04:05
CR Cryptopolitan context
Its angle: derivatives, flexibility, enforcement; with quotes

Has this happened before?

WhenWhat happenedFigure
14 days ago Biggest USD Stablecoin Returns to Bitcoin After 12 Years: Main Crypto News This Morning event 2 actors in common · 2 news media
17 days ago Crypto regulation at SEC, CFTC to come down to 3 commissioners following key resignation event 2 actors in common · 3 news media
18 days ago White House blames Democrats for Crypto Clarity Act’s Senate failure event 2 actors in common · 8 news media
18 days ago Coinbase Clearing LLC launches as USDC-native clearinghouse after CFTC approval event 2 actors in common · 16 news media
19 days ago SEC and CFTC Push Forward on Crypto Rules: What Bitcoin, XRP and Altcoin Holders Must Know event 2 actors in common · 4 news media

What could happen next

What the prediction markets currently price as likely. This is context, not a forecast of ours: there is money on it, and that is all we show.

2 % +1 pts
Kalshi · $4,415,187 of open interest · resolves on Jan 1, 2027
1 % no series
Kalshi · $1,022,099 of open interest · resolves on Oct 1, 2026
3 % +0 pts
Kalshi · $751,631 of open interest · resolves on Jan 1, 2027
11 % +0 pts
Kalshi · $601,478 of open interest · resolves on Jan 1, 2027