Crypto.com receives CFTC approval to offer margin derivatives

ChainCatcher news, according to the official announcement, Crypto.com has received approval from the Commodity Futures Trading Commission (CFTC) to obtain a margin derivatives license in the United States.

Specifically, Crypto.com | Derivatives North America (CDNA) is an exchange and clearinghouse registered with the CFTC and is an affiliate of Crypto.com. CDNA is now authorized to amend its derivatives clearing organization (DCO) license to offer margin derivatives for cryptocurrencies and other asset classes. Additionally, CDNA has the existing capability to provide fully collateralized derivatives through its prediction markets. Furthermore, Foris DAX FCM LLC (doing business as Crypto.com | FCM) has now received approval from the National Futures Association (NFA) as a futures commission merchant (FCM), enabling Crypto.com to act as an intermediary for clients and institutions in the derivatives market.