Cryptocurrency
Regulated Derivatives Will ‘Legitimize’ Crypto, Says CFTC Chair
As reported on CoinDesk, “The chairman of the Commodities and Futures Exchange Commission (CFTC) believes regulated derivatives will instill market confidence in cryptocurrencies. “Chair Heath Tarbert told Cheddar Monday that his agency is helping create a regulated futures market that investors would be able to ‘rely on’ for better ‘price discovery, hedging and risk management.’ […]
As reported on CoinDesk, “The chairman of the Commodities and Futures Exchange Commission (CFTC) believes regulated derivatives will instill market confidence in cryptocurrencies.
“Chair Heath Tarbert told Cheddar Monday that his agency is helping create a regulated futures market that investors would be able to ‘rely on’ for better ‘price discovery, hedging and risk management.’
“‘By allowing to come into the world of the CFTC,’ investors can better access trusted and regulated financial products, improving overall confidence in the asset class, according to Tarbert. ‘It’s helping to legitimize , in my view, and add liquidity to these markets,’ he said.
“The marketplace for cryptocurrencies derivatives is expanding. Although still dominated by unregulated exchanges, it is gradually facing greater competition from regulated alternatives. Bakkt launched physically-delivered bitcoin futures last September and CME, which first launched bitcoin futures in December 2017, opened trading for options contracts Monday…”