Exchanges registered with the SEC or CFTC can facilitate certain spot crypto trading on registered venues, the agencies said, allowing trades in financed, leveraged, and margin-based spot crypto products while encouraging coordination to promote venue choice and improved market surveillance.
Registered exchanges may facilitate spot crypto trading
Coordination aims to expand trading venue choice and optionality for U.S. market participants.
Regulatory statement covers leveraged, margin, and financed spot commodity transactions; clearinghouse-custodian partnerships and shared reference pricing encouraged.
Spot crypto trading clarified by SEC and CFTC: registered exchanges may facilitate certain spot crypto products — read the joint statement and implications for U.S. markets.
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The SEC and CFTC jointly stated that exchanges registered with either agency are not prohibited from facilitating certain spot crypto trading. The guidance targets spot crypto products involving leverage, margin, and financed retail commodity transactions and emphasizes coordination to promote venue choice.
Registered exchanges can list and facilitate trading of qualifying spot crypto asset products, provided they meet applicable regulatory and operational requirements.
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Source: https://en.coinotag.com/joint-sec-cftc-statement-indicates-registered-exchanges-could-facilitate-spot-bitcoin-trading/