• Mon, 14 Oct 2019, 03:17 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Cryptocurrency exchange ErisX receives go signal from CFTC to offer bitcoin futures

Tue, 02 Jul 2019, 05:54 am UTC

Crypto exchange ErisX has obtained derivatives clearing organization (DCO) license from the United States Commodity Futures Trading Commission (CFTC).

As per its press release on July 1, ErisX will make digital asset future contracts available for trade on its derivative markets, which are expected to roll out later this year.

Describing its platform as unique, ErisX CEO Thomas Chippas said it has separated the functions of trading and settlement by having both traditional DCM (exchange) and DCO (clearing) models.

This reflects the structure that institutional investors expect from other asset classes and will help drive these markets toward greater relevance and accessibility,” Chippas said.

The planned clearinghouse will also conform to the Commodity Exchange Act (CEA)’s 17 core principles, which include risk management and rule enforcement policies to safeguard the funds of its members and participants.

By establishing a marketplace and developing infrastructure typically associated with traditional markets, ErisX has eliminated many of the obstacles institutional investors face in accessing digital assets,” Don Wilson, CEO of DRW, said.

Just recently, the CFTC has also approved the application of another crypto derivative and clearing platform LedgerX for designation as a contract market. LedgerX can now offer bitcoin spot and physically settled derivatives contracts including options and futures to retail clients of any size.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,311.23 (-1.45%)
  • Ethereum (ETH) $183.33 (-0.60%)
  • XRP (XRP) $0.290200 (+3.86%)
  • Bitcoin Cash (BCH) $225.83 (-0.73%)
  • Litecoin (LTC) $56.70 (-1.29%)
  • Bitcoin (BTC) $8,311.23 (-1.45%)
Oct 14, 2019 (Monday)
12:06
BMW, Ford, GM and others working on proof of concept for blockchain-based vehicle identity system
12:01
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:01
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:49
Crypto Technicals: LTC/USD finds stiff resistance at 21-EMA (58.62), breakout confirms further upside
10:46
G7 says global stablecoins like Libra pose threat to financial stability: Report
09:52
Global stablecoins could become systemically important: Financial Stability Board Chair
09:37
Crypto Technicals: Ripple (XRP) spikes higher, hits 4-week high (0.29369), bias bullish
09:07
Crypto Technicals: ETH/USD consolidates above 200H SMA, intraday bias turning bullish
07:01
U.S. IRS wants to know your crypto ownership in updated income tax form
06:59
U.S. SEC, CFTC, FinCEN issue rare statement warning crypto users to abide banking laws
06:56
Crypto Valley Association joins International Digital Asset Exchange Association
06:17
Crypto Technicals: BTC/USD extends sideways above 200H SMA support (8277), weakness likely on break below
06:17
tZERO and Box Digital-owned firm files with SEC to launch regulated security token market
06:10
Blockchain trade finance network Marco Polo pilots first trade transactions between Russia and Germany
06:08
Crypto exchange Coinbase secures e-money license from Central Bank of Ireland
04:30
World Federation of Exchanges urges UK FCA not to ban sale of crypto derivatives to retail investors
04:25
Telegram may postpone Gram token launch after SEC stops U.S. crypto sale
04:05
Mastercard, Visa, eBay, Stripe, Mercado Pago abandon Facebook-led Libra Association
Oct 11, 2019 (Friday)
13:27
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft