The Chicago Exchange of Cryptocurrency Derivatives ErisX received the approval of the US Commodity Futures Trading Commission (CFTC) for providing services as a derivatives clearing center (DCO). In this way, the company will be able to launch new regulated bitcoin futures with calculations in the underlying asset.
As noted in ErisX, the launch of new tools will take place this year, however, the company did not name specific dates.
The exchange statement also stresses that ErisX already has a license for an authorized derivatives market (DCM). Recall that earlier such a license was received by the provider of cryptocurrency derivatives LedgerX.
ErisX is unique in that for our digital asset market, we have divided the trading and settlement functions using traditional DCM (exchange) and DCO (clearing) models. This reflects the structure that institutional investors expect from other asset classes and will help drive these markets toward greater relevance and accessibility.
Chief Executive Officer, ErisX
In April, ErisX launched a platform for spot cryptocurrency trading.