Crypto.com has obtained approval from the ComboDity Futures Trading Commission (CFTC) to provide margin derivatives, including on crypto-monnaies, via its crypto.com affiliate | Derivatives of North America (DNA).
The main dishes to remember:
- Crypto.com has received CFTC approval to offer margine derivatives deleted via its affiliation DNA.
- Its American subsidiary, Crypto.com | FCM, is now a merchant of the Future Commission registered with the NFA.
- The approvals position Crypto.com to launch a fully regulated lever derived platform for retail and institutional customers in the United States.
According to a recent declaration, the DNC, already a scholarship and an exchange house registered in the CFTC, obtained a license to organize modified derivatives (DCO).
This allows the company to offer marginated derivatives erased through the crypto and other asset classes, extending beyond its previous authorization to provide entirely guaranteed products through prediction markets.
Crypto.com wins the approval of the NFA FCM for the seizure of the American derivative market
In addition, tox Dax FCM LLC, operating like Crypto.com | FCM, was approved as the merchant of the future commission (FCM) by the National Future Association.
This allows Crypto.com to act as an intermediary for retail and institutional sales customers on the American derivative market.
“We will soon bring regulated derivatives and leverage to retail customers in the United States via a single interface,” said CEO and co-founder of Crypto.com, Kris Marszalek.
“This is an important step in the supply of a complete derivative platform under American regulatory surveillance.”
Marszalek credited the acting president of the CFTC, Caroline Pham, to accelerate the approval process, declaring: “We sincerely appreciate the partnership with the acting president Pham and the CFTC, who work hard to carry out the crypto agenda of President Trump.”
The modified DCO request was submitted in June 2024, following discussions with CFTC staff who started in 2023.
The approval process concerned documentation journals and technical demonstrations of the trading and compensation systems of the DNA. The FCM’s request was submitted earlier in April 2022 and underwent a similar examination by NFA staff.
“Today’s approvals are proof that the acting president Pham provides real -time on the commitment of President Donald J. Trump,” said Steve Humenik, manager of the DNC.
Nick Lundgren, legal director of Crypto.com, said that this decision was part of the company’s broader thrust to become “the most regulated financial services platform in the world”.
Travis McGhee, global capital market manager, added that the DNA builds a new generation exchange center by emphasizing management and risk scale.
CFTC extends the advisory roles to digital assets, connects efforts to a new crypto bill
The CFTC recently added new members to its Consultative Committee on the World Markets (GMAC) and to the Sub-Comeding Digital Assets (DAMS), showing its efforts to develop industry expertise in the development of digital asset policies.
The new names in the dams include Katherine Minarik of Uniswap Labs, Avery Ching of Aptos Labs, James J. Hill de Bny and Ben Sherwin by Chainlink Labs, figures with history in blockchain infrastructure, legal policy and institutional cryptographic strategy.
Scott Lucas of JPMorgan will now co -reside the group alongside Sandy Kaul by Franklin Templeton, replacing Caroline Butler.
Lucas stressed the importance of “clear and effective regulatory frameworks”, while Kaul stressed consumer protection as a key priority.
The dams recommend the CFTC on the blockchain, tokenization and decentralized finance, helping the agency to assess risks and to align surveillance in the financial markets.
The post Crypto.com won CFTC approval to offer marginated cryptographic derivatives in the United States appeared first on Cryptonews.