Most folks underestimate just how deliberate and methodical regulatory approval actually is.

U.S.-listed futures products don't materialize overnight. But here's the thing—they don't happen randomly either. There's a clear reason behind it.

When regulators greenlight a futures product, they've already vetted the fundamentals. We're talking about their confidence in:

• Market structure integrity
• Custody arrangements
• Settlement mechanisms
• Risk management frameworks

Each checkpoint matters. None of it's left to chance.