Crypto.com approved by CFTC to conduct margin derivatives business in the United States

ChainCatcher news, Crypto.com has been approved by the Commodity Futures Trading Commission (CFTC) to conduct margin derivatives business in the United States.

The license revises the directive for Crypto.com's U.S. subsidiary Crypto.com | Derivatives North America, allowing it to clear margin contracts, rather than just fully collateralized products. Its affiliated broker, Foris DAX FCM LLC, has also received approval from the National Futures Association (NFA) to become a futures commission merchant, enabling the group to provide intermediary services for client trading.