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BTC $71,238.53 +0.27%
ETH $2,182.03 +1.25%
BNB $648.90 +2.09%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $478.14 -0.09%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9610 +0.88%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%
BTC $71,238.53 +0.27%
ETH $2,182.03 +1.25%
BNB $648.90 +2.09%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $478.14 -0.09%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9610 +0.88%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

20%

The U.S. CFTC clarifies pilot requirements for using crypto assets as collateral: BTC/ETH collateral must meet a 20% capital adequacy ratio

According to market news, the Commodity Futures Trading Commission (CFTC) has provided detailed guidance on a pilot program for using crypto assets as collateral. The regulatory agency has notified futures commission merchants (FCMs) that participation in the pilot requires submitting a notice to the market participants division, stating the start date for accepting crypto assets as margin. Key points include:Capital Requirements: Only Bitcoin, Ethereum, and stablecoins can be accepted as collateral, with BTC/ETH calculated at a 20% capital adequacy ratio and stablecoins at 2%. Futures brokers participating in the pilot can only accept Bitcoin, Ethereum, or stablecoins in the first three months;Compliance and Reporting Obligations: Futures brokers participating in the pilot must promptly report significant cybersecurity or system issues and submit weekly reports on the total amount of crypto assets in customer accounts;Expansion After Three Months: Other crypto assets may be used as collateral after three months, while some reporting requirements will be terminated;Limited Use: Only the remaining rights of dedicated payment stablecoins deposited into customer segregated accounts are allowed; crypto assets cannot be used for uncleared swap collateral, but eligible tokenized assets may be substituted.Derivatives Clearing Organization Requirements: Clearing organizations that meet CFTC credit, market, and liquidity risk requirements may accept crypto assets and stablecoins as initial margin for cleared transactions.

Gate 2's institutional trading activity increased in February, with the average daily contract trading volume rising by 20% month-on-month

According to the latest official data, Gate's institutional business maintained a growth trend in February. Among them, the average daily trading volume of institutional spot increased by about 5% month-on-month, and the average daily trading volume of institutional contracts increased by nearly 20% month-on-month. Despite the overall market fluctuations and holiday factors, the trading activity of institutions has still improved.In terms of institutional ecosystem construction, Gate successfully held the Gate Institutional Circle event during Consensus HK, attracting about 70 industry representatives from market makers, asset management institutions, and custodians such as Copper, Flow Traders, Flowdesk, and Wincent to discuss topics such as cross-exchange liquidity, institutional-grade trading infrastructure, and risk management.At the same time, Gate is advancing the CrossEx cross-exchange trading infrastructure, third-party custody docking, and API system construction, and is conducting technical docking with custodians such as Fireblocks, Copper, and Bitgo to strengthen support for institutional-level trading and asset custody. As cross-platform liquidity collaboration and institutional-level trading architecture continue to improve, the platform's institutional business infrastructure is further expanding towards globalization and specialization.
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