diff --git a/setup.py b/setup.py
index 8e49bba..cd402dd 100755
--- a/setup.py
+++ b/setup.py
@@ -5,10 +5,13 @@
 
 import sys
 
+import setuptools
 from setuptools import setup
 
+setuptools_major_version = int(setuptools.__version__.split('.')[0])
+
 extra_args = {}
-if (sys.version_info[0] >= 3):
+if (sys.version_info[0] >= 3) and setuptools_major_version < 58:
     extra_args['use_2to3'] = True
 
 setup(name='pybacktest',