Share this article
CFTC Sets May Roundtable to Weigh Ideas Sparked by FTX’s Derivatives Push
The May 25 discussion will consider direct clearing of derivatives as pitched by FTX.US.
Updated May 11, 2023, 6:18 p.m. Published Apr 27, 2022, 3:29 p.m.
FTX’s application to allow for direct clearing of customers’ derivatives transactions has inspired the Commodity Futures Trading Commission (CFTC) to consider such “non-intermediated” trading in a public roundtable next month.
The CFTC will host a discussion on May 25 in Washington, the agency announced in a Wednesday statement. The U.S. derivatives regulator is inviting industry participants – such as derivatives clearing organizations and futures commission merchants and their customers – and will also welcome academics and public-interest groups.
STORY CONTINUES BELOW
“A number of registered entities have discussed with CFTC staff proposals to offer ‘non-intermediated’ or direct trading and clearing of margined products to retail customers,” according to the agency’s statement. The agency will “gather information and receive expert input from a wide variety of stakeholder groups,” it said.
CFTC Chairman Rostin Behnam has said his agency is taking a cautious approach to an application from FTX.US to allow its trading platform to clear derivatives directly. The agency has already received dozens of comment letters on the idea, many of them from crypto investors supporting the application. The comment period expires on May 11.
Rostin Behnam is scheduled to speak at Consensus 2022 in June.
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
Regulatory Battle Over Tokenized U.S. Stocks Escalates, HSBC Says
Citadel Securities has urged the SEC to treat decentralized finance trading venues like traditional exchanges, a stance facing opposition from the crypto industry.
What to know:
- HSBC said the policy fight over regulating tokenized U.S. equities has escalated recently, with decentralized finance squarely in the crosshairs.
- The bank noted that Citadel is pressing the SEC to apply exchange obligations to DeFi protocols, warning of a weaker, parallel market if exemptions are granted.
Top Stories
