FTX.US Aiming to Offer Crypto Derivatives Trading in Less Than a Year: Report

FTX's U.S. affiliate has limited offerings, compared with its international counterpart.

AccessTimeIconAug 12, 2021 at 5:33 p.m. UTC
Updated Sep 14, 2021 at 1:39 p.m. UTC

FTX.US, the U.S. affiliate of crypto exchange FTX, intends to offer cryptocurrency derivative trading in less than a year. 

  • The exchange sees two ways to achieve that goal – either by launching its own service, which would require a license, or by acquiring a company, FTX.US President Brett Harrison said in an interview with Business Insider.
  •  FTX.US has a limited range of offerings compared with its international counterpart, FTX. 
  • "We definitely hope to be able to offer them inside of a year," Harrison told the publication. "Quite frankly, we could have or should have started a long time ago, but we're definitely interested in going through the process and collaborating with the [Commodity Futures Trading Commission] to be able to offer those products in the U.S." The CFTC regulates derivatives.
  • In June, FTX launched two perpetual futures products licensed on VanEck’s subsidiary, MV Index Solutions GmbH (MVIS) Indices, with market data provided by CryptoCompare.

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