FTX.US Aiming to Offer Crypto Derivatives Trading in Less Than a Year: Report

FTX.US, the U.S. affiliate of crypto exchange FTX, intends to offer cryptocurrency derivative trading in less than a year.

• The exchange sees two ways to achieve that goal – either by launching its own service, which would require a license, or by acquiring a company, FTX.US President Brett Harrison said in an interview with Business Insider.
• FTX.US has a limited range of offerings compared with its international counterpart, FTX.
• "We definitely hope to be able to offer them inside of a year," Harrison told the publication. "Quite frankly, we could have or should have started a long time ago, but we're definitely interested in going through the process and collaborating with the [Commodity Futures Trading Commission] to be able to offer those products in the U.S." The CFTC regulates derivatives.
• In June, FTX launched two perpetual futures products licensed on VanEck’s subsidiary, MV Index Solutions GmbH (MVIS) Indices, with market data provided by CryptoCompare.

Read more: FTX Seeks to Launch Coinbase Futures Market Ahead of Public Listing