Summary
- It reported that Crypto.com received license approval from the US CFTC to offer margin derivatives.
- Crypto.com Derivatives North America (CDNA) said it amended its existing Derivatives Clearing Organization (DCO) license to allow handling of margin derivatives.
- It explained that with this approval, Crypto.com has secured the legal basis to offer margin derivatives for various asset classes as well as virtual assets.
Global virtual asset (cryptocurrency) exchange Crypto.com has received license approval from the US Commodity Futures Trading Commission (CFTC) to offer margin derivatives.
According to virtual asset-focused media Chaincatcher on the 27th, Crypto.com's US affiliate Crypto.com Derivatives North America (CDNA) has, as a CFTC-registered exchange and clearinghouse, amended its existing Derivatives Clearing Organization (DCO) license to handle margin derivatives. Previously, CDNA operated fully collateralized derivatives and prediction market services.
The outlet explained, "With this approval, Crypto.com has secured the legal basis to offer margin derivatives not only for virtual assets but also for a range of asset classes."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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