Another Crypto Company Wants to Offer Bitcoin Derivatives in the US
By Daniel Palmer Institutional digital assets platform trueDigital Holdings has announced plans to offer bitcoin derivatives for U.S. investors. In a press release on Friday, the company said it’s reached an “agreement in principle” to acquire designated contract market (DCM) and swaps execution facility (SEF) registrations with the U.S. Commodity Futures Trading Commission (CFTC) from a firm called trueEX. The deal is pending approval from the CFTC, the firm said. If the bid is successful, the aim is to launch a “fully-regulated” cryptocurrency derivatives exchange that would list trueDigital’s bitcoin physically deliverable swaps, which the firm states “have been self-certified with the CFTC.” Going forward, the company plans to add additional crypto derivatives. TrueDigital CEO Thomas Kim said: “A trueDigital owned and operated regulated exchange is the natural step in our evolution toward achieving our goals. Adding the exc...