Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77
Digital Currency Revolution Series: A Glimpse At Global Central Banks’ Obsession of Own Digital Currencies
Rick Perry's belief that Trump was chosen by God is shared by many in a fast-growing Christian movement
US CFTC Highlights More Commodities Frauds, Manipulative Conduct and Aggressive Prosecution on Digital Assets In Its Annual Report
Cryptocurrency Derivatives Series: Tassat Just Yard Away From Crypto-Derivatives Business, Seeking CFTC Approval
We keep reiterating that the gamut of cryptocurrency derivatives gained mounting interests in the recent times, consequently, the trends in Bitcoin price sentiment is maturing. There have been umpteen number of crypto-exchanges on their toes to offer derivatives marketplace for cryptocurrencies.
There has also been a long waiting of cryptocurrency aspirants for institutional investors. Although the launch of bitcoin futures contracts on regulated exchanges in late 2017 made a bit of a buzz but didn’t gain a lot of traction, of late, Bakkt appears to be striking a chord in new FinTech arena.
At a press release, the U.S. Commodity Futures Trading Commission issued an order on November 6th, 2019, approving the transfer of the trueEX LLC swap execution facility (SEF) registration to Tassat Derivatives LLC. Tassat is a Delaware limited liability company located in New York City. trueEX was granted registration as a SEF by the CFTC on January 22, 2016.
The announcement states that trueEX and Tassat met the requirement for transferring a SEF registration by demonstrating that Tassat would be complied by the provisions of the Commodity Exchange Act and CFTC regulations applicable to SEFs after the registration is transferred. There are currently 19 registered SEFs, including Tassat. But for now, awaiting for the regulatory approval from CFTC to commence the business.
Tassat would be most likely to offer derivatives services for the cryptocurrency avenue. Thereby, we have yet another player lined-up to test their luck crypto-derivatives marketplace.
Coindesk reported Tassat, which is formerly known as trueDigital Holdings, informed them in July that it is having launching plans of a “fully-regulated” cryptocurrency derivatives exchange in the U.S., on which it would offer customers physically-delivered bitcoin swaps and other products.
Tesla Cybertruck update: Is Elon Musk's futuristic pickup truck joining the 'Cyberpunk 2077' vehicle lineup?