Crypto always futures contracts can receive regulatory approval in the US in “very soon”, called outgoing commodities and futures Trading Commissioner Commissioner Commissioner Summer Marsinjar.
Always Crypto futures “can now come in the market,” Merceder told Bloomberg TV on 22 May.
“We are watching some applications, and I am confident that we’ll see some of those products very soon,” he said, “It would be great to get that trading back in the United States.”
Merceder, who would leave CFTC in late May, said Crypto derivatives trading and regulated in the US will “be really good for these markets and broadly beneficial for the industry.”
Crypto is always futures Derivative contract This allows traders to actually speculate at the cost of cryptocurrency without their owner. Unlike traditional futures contracts, which have expiration dates, the fawy can always be held indefinitely. They can also be traded with high leverage.
Crypto interplacens are currently not allowed in the US and are traded on large offshore centralized exchanges, such as BinasOkx, and bybit.
Binance is the largest with about $ 95 billion per day, According For coingecko. It provides more than 500 crypto pairs with 125x leverage.
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Merceder said that recently Procedural opinion To pursue the genius StableCoin bill, “This asset class is clearly to stay here.”
“We are really going to make the United States at the forefront of economic power that we can see from these tokens and this asset class.”
Mersinger leaving CFTC
In late May, Merceder will do Leave cftc To work in the Blockchain Association, a business group with over 100 members that represents the crypto industry and economy.
On May 14, Blockchain Association Announced Its current CEO, Christin Smith, will step down and Merceder will play the role on 2 June.
He said, “We have a very strong incoming (CFTC) president who has a great voice for the Crypto industry and will be a real lawyer for the industry and agency,” she said, she expects to contribute more to the Crypto industry through her new position.
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