Crypto.com has secured approval from the Commodity Futures Trading Commission (CFTC) to offer margined derivatives, including on cryptocurrencies, through its affiliate Crypto.com | Derivatives North America (CDNA).
According to a recent statement, CDNA, already a CFTC-registered exchange and clearinghouse, has been granted an amended Derivatives Clearing Organization (DCO) license.
This allows Crypto.com to act as an intermediary for both retail and institutional clients in the U.S. derivatives market. “We will soon bring regulated, leveraged derivatives to retail customers in the U.S. through one interface,” said Crypto.com CEO and co-founder Kris Marszalek.
In addition, Foris DAX FCM LLC, operating as Crypto.com | FCM, has been approved as a Futures Commission Merchant (FCM) by the National Futures Association.
Marszalek credited Acting CFTC Chair Caroline Pham for accelerating the approval process, stating, “We sincerely appreciate the partnership with Acting Chairman Pham and the CFTC, who are working hard to carry out the crypto agenda of President Trump.” “Today’s approvals are proof that Acting Chairman Pham is delivering in real-time on President Donald J. Trump’s pledge,” said Steve Humenik, Head of Clearing at CDNA.
“This is a significant step in delivering a full-stack derivatives platform under U.S. regulatory oversight.”
Fresh appointees to DAMS include Katherine Minarik of Uniswap Labs, Avery Ching of Aptos Labs, James J. Hill of BNY, and Ben Sherwin of Chainlink Labs, figures with backgrounds in blockchain infrastructure, legal policy, and institutional crypto strategy.
The CFTC recently added new members to its Global Markets Advisory Committee (GMAC) and Digital Asset Markets Subcommittee (DAMS), showing its effort to bring industry expertise into digital asset policymaking.
