CFTC Approves First-Ever Spot Crypto Trading on US Federal Exchanges

The US Commodity Futures Trading Commission (CFTC) has approved the launch of listed spot cryptocurrency products for trading on US federally regulated markets on CFTC registered futures exchanges. Under the new regulatory paradigm, companies holding a designated contract markets (DCM) license or those designated as a derivatives clearing organization (DCO) can legally offer federally-regulated spot cryptocurrency trading. According to a Dec. 4 press release, this launch serves to provide regulatory clar ...