Share this article
FTX.US Derivatives Seeks CFTC Approval to Clear Margin Trades Directly for Customers
The company says the change would allow customers to assess and respond to derivatives risks in real time.
Updated May 11, 2023, 4:03 p.m. Published Mar 10, 2022, 5:43 p.m.
FTX.US Derivatives has asked the Commodity Futures Trading Commission to allow the trading platform to clear margined derivatives trades directly for customers.
In a tweet thread on Thursday morning, FTX.US President Brett Harrison explained that FTX U.S. Derivatives’ current derivatives clearing organization license requires full collateralization of derivative positions through an intermediary. FTX’s application seeks to amend that to allow for direct-to-consumer margined derivatives trading for retail and institutional customers.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The change would allow derivatives risks to be “transparently assessed and mitigated in real time” because of FTX’s almost continuous setting of margin levels, Harrison said.
“As market-moving news over the last two weeks has demonstrated, large amounts of time between margining periods causes risk to build up in the system, resulting in market swings at next open and lack of clarity over participants’ ability to cover their capital requirements,” Harrison wrote.
The CFTC has acknowledged FTX.US Derivatives' request and asked for public comments to be submitted on or before April 11.
1/ The @CFTC has begun holding a 30-day public comment period on FTX US Derivatives’s margin application. Here is what our application contains, what it means, and broader implications for derivatives market structure:https://t.co/ZGGleIuUWD
— Brett Harrison (@BrettHarrison88) March 10, 2022
Read more: FTX US Joins International Swaps and Derivatives Association
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
Cascade Unveils 24/7 Neo-Brokerage Offering Perpetuals on Cryptos, U.S. Stocks
The platform will let retail traders use one margin account to trade round-the-clock perpetual markets.
What to know:
- Cascade has introduced a 24/7 brokerage-style app for perpetual markets spanning crypto, U.S. equities and private-asset exposure.
- The firm is pitching a single, unified margin account with direct-to-bank U.S. dollar capability for deposits and withdrawals.
- The company has raised $15 million from investors including Polychain Capital, Variant and Coinbase Ventures.
Top Stories
