The US Commodity Futures Trading Commission (CFTC) has authorized Cboe Digital’s proposal to provide margin futures contracts for Bitcoin (BTC) and Ethereum (ETH).
Cboe Digital Introduces Bitcoin (BTC) and Ethereum (ETH) Margin Futures
While Cboe has been offering crypto futures contracts since December 2017, consumers have not had access to margin trading.
With the new confirmation, users will be able to trade Bitcoin (BTC) and Ethereum (ETH) futures for a lot less than they had to deposit previously.
The clearance is also seen positively by Cboe because it will allow regular financial businesses to access crypto futures without the use of intermediaries.
Users will be able to trade Bitcoin (BTC) and Ethereum (ETH) futures for far less than they had to deposit previously.
Cboe is particularly pleased with the approval because it will allow ordinary financial firms to access crypto futures without the use of intermediaries.
Christy Goldsmith Romero, Commissioner of the Commodity Futures Trading Commission, applauded Cboe’s strategy, adding that other crypto firms should follow Cboe’s lead and, above all, stick to the existing traditional market structure.
“In recent years, crypto firms have frequently attempted to migrate a business model or market structure that existed in a regulated environment to an unregulated environment.” The CFTC has no opinion on the risks associated with unregulated models or structures.”
“Cboe did not do this, but instead operated within the parameters of the traditional futures market structure and regulatory framework,” he continued.
According to Goldsmith Romero, the successful file “is in stark contrast” to the one the CFTC assessed prior to FTX’s bankruptcy.