FTX achieves from the regulator of permission to give customers the opportunity to use derivatives – Bits Media

Competitors of the FTX crypto accounts opposed the proposal to allow individual investors to use derivatives for Bitcoin bets.

The FTX cryptocurrency exchange intends to receive the approval of the commissar for commodity futures (CFTC) USA, to resolve Separate investors use derivatives to place betcoin bets (BTC) With a credit shoulder. Currently, regulatory authorities are considering the exchange of the exchange and may make a decision at the end of this year.

In the case of approval, investors will be able to deal directly with crypto -polls, not through a broker, Which can significantly change the infrastructure of the work of derivatives markets.

FTX proposal was met by competitors and companies with Wall Street. During the May hearings in the US Congress, CEO (CME) Terrens Daffi (Terrence Duffy), stated, that "this step will create a market risk". CME offers a product, Derived from bitcoins, which is designed to compete with FTX proposals.

Co -founder, Dennis Kelleher, President and Chief Executive Director of the Better Markets Non -Profit Organization (Dennis Kelleher) announced, that during the assessment of CFTC it should ensure “protection of customers and market participants - and restriction, If not a decrease in systemic risks. ”

However, the FTX representative said, that the company is sure: Investors must have access to data, educational tools and a number of financial products, to independently make the best decision for yourself.

Earlier, FTX Director General Sam Bankman-Fried (Sam Bankman-Fried) refuted the spreading rumors about that, that the crypto -rope plans to absorb mining companies.