License approved, but trading hasn’t started
November 10, U.S. Eastern Time
The CFTC approved the registration of its wholly owned subsidiary,
tZERO DCM,
as a designated contract market,
authorizing it to operate
a regulated derivatives exchange
The company issued a press release on November 11, U.S. Eastern Time
October 16, U.S. Eastern Time
Its clearing subsidiary
had already registered as a derivatives clearing organization
Now both trading and clearing are in place
The press release says it will provide
infrastructure for institutions
but doesn’t say trading has opened to customers
It was already active in
digital asset securities
this time it’s expanding into derivatives
This license
can’t change the short-term outlook for $BTC
For now, it has only obtained the license
#tZERO获CFTC批准运营衍生品交易所 $BTC
November 10, U.S. Eastern Time
The CFTC approved the registration of its wholly owned subsidiary,
tZERO DCM,
as a designated contract market,
authorizing it to operate
a regulated derivatives exchange
The company issued a press release on November 11, U.S. Eastern Time
October 16, U.S. Eastern Time
Its clearing subsidiary
had already registered as a derivatives clearing organization
Now both trading and clearing are in place
The press release says it will provide
infrastructure for institutions
but doesn’t say trading has opened to customers
It was already active in
digital asset securities
this time it’s expanding into derivatives
This license
can’t change the short-term outlook for $BTC
For now, it has only obtained the license
#tZERO获CFTC批准运营衍生品交易所 $BTC
