Thailand’s regulator wants to simplify access for crypto companies to the derivatives market and has already put forward a proposal for discussion. The idea is to allow licensed participants to apply directly, without creating separate legal entities.
This is essentially a continuation of previous steps, when crypto assets were already allowed as a basis for futures. Now the goal is broader—to expand the market itself, but at the same time keep it under control and reduce the risks of conflicts of interest.
If the initiative is adopted, it will become easier for crypto companies to enter this segment. They will not have to set up separate structures, but their activities will fall under stricter supervision.
The SEC says the changes are needed so investors have more ways to manage risks and work with their portfolios. At the same time, they want to bring rules for exchanges and clearing platforms in line with international standards.
The discussion will last until May 20. After that, the regulator will take market participants’ feedback into account and form the final version of the rules.
Crypto Derivatives Are Gaining Momentum
Thailand’s initiative comes amid global growth in the crypto derivatives market and expectations of their approval in the US.
On Tuesday, Blockchain.com launched perpetual futures trading directly in its self-custody wallet. Now users can open leveraged positions using BTC as collateral, without transferring funds to an exchange. The solution is based on Hyperliquid and provides access to more than 190 markets with leverage up to 40x.
Other platforms have chosen a similar strategy. At the beginning of the year, Kraken and Coinbase introduced perpetual futures tied to stocks, but only for users outside the US. This is part of a broader trend toward 24/7 trading and multi-asset products.
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In the US itself, such instruments are still almost unavailable, but the situation may change. In March, CFTC Chairman Michael Selig said the regulator is working on launching crypto perpetuals and could make progress in this direction in the near future.
Meanwhile, exchanges are preparing for possible approval. Last week, Kraken‘s parent company, Payward, agreed to acquire Bitnomial — a regulated derivatives platform in the US. The deal is aimed at expanding access to products, including perpetual futures, for American clients.
