Share this article
Another Crypto Company Wants to Offer Bitcoin Derivatives in the US
Institutional digital assets platform trueDigital has announced plans to offer bitcoin derivatives for U.S. investors – if the CFTC approves.
Updated Sep 13, 2021, 9:25 a.m. Published Jul 12, 2019, 1:52 p.m.
Institutional digital assets platform trueDigital Holdings has announced plans to offer bitcoin derivatives for U.S. investors.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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 exchange to our ecosystem delivers a complete end-to-end offering, currently unavailable today, that encompasses tokenization, payments, market data and settlement for the benefit of our clients and partners."
With the move, trueDigital would become one of very few entities offering regulated crypto derivatives in the U.S. If the deal goes through, its main rival would be LedgerX, which launched a bitcoin derivative offering in October 2017.
TrueDigital has previously launched an OTC reference rate for bitcoin and ether.
It has also teamed up with Signature Bank to launch a blockchain-based digital payments platform. The effort received approval from the New York State Department of Financial Services to offer services within the state last December.
Wall Street image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
LUNC Surges Over 160% in a Week as Do Kwon Sentencing and Token Burns Draw Traders
The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns.
What to know:
- Terra Classic (LUNC) surged 74% to $0.0000072, up 160% in the past week, on exploding trading volume, ahead of Terraform Labs founder Do Kwon's sentencing on Dec. 11.
- The rally is driven by speculation that a final verdict could bring clarity to the project, as well as technical factors like token burns, with 849 million LUNC destroyed in the past week.
- The token's momentum is also fueled by Binance's pause on LUNC withdrawals ahead of the Terra Chain's v2.18 upgrade, which aims to improve network stability, despite the token remaining volatile.
Top Stories
