Based on a recent report, institutional cryptocurrency platform TrueDigital Holdings has made it known that it intends to start offering bitcoin derivatives for U.S. investors.
A statement released on 11th July revealed that the firm has reached an “agreement in principle” to secure designated contract market (DCM) and its swaps execution facility (SEF) registrations with the U.S. Commodity Futures Trading Commission (CFTC) from a company known as True EX.
The firm then stated that the contract is pending approval from the U.S. Commodity Futures Trading Commission (CFTC). If the deal pulls through, it is expected to help launch a “fully regulated” digital assets derivatives exchange which will outline trueDigital’s bitcoin physically deliverable swaps which the company says have been self-certified with the CFTC.
Further reports have revealed that the company intends to add more crypto derivatives.
The Chief Executive Officer at TrueDigital, Thomas Kim:
“A trueDigital owned and operated regulated exchange is the…