Tassat Will get CFTC Approval to Challenge Bitcoin Derivatives In US
New York-based monetary expertise agency Tassat — previously often called trueDigital — has succeeded in overcoming the primary hurdle in its bid to launch a fully-regulated crypto derivatives trade.
Based on an announcement from the United States Commodity Futures Buying and selling Fee (CFTC) on Nov. 7, the regulator has accepted the switch of a swap execution facility (SEF) registration from fellow New York-based monetary providers agency trueEX to Tassat.
Tassat had first reached the settlement in precept to amass — topic to CFTC approval — trueEx’s SEF registration again in July of this yr.
The corporate is now ready for information concerning its potential acquisition of trueEx’s Designated Contract Market (DCM) registration, which might permit it to function an trade itemizing futures or choices contracts with oversight from the CFTC.
Bodily-delivered BTC derivatives for institutional traders
In its press launch, the CFTC acknowledged that trueEX and Tassat…