FTX.US to Offer Crypto Derivatives Trading

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FTX.US, a US subsidiary of crypto exchange FTX, has just announced it plans to offer cryptocurrency derivatives trading in less than a year.

To that end, the company has two possible options. On the one hand, it can launch its own service, for which it would need to obtain a license. On the other, it also has the possibility of acquiring another company that already has the corresponding license.

The company currently offers a limited range of services compared to FTX.

Brett Harrison, president of FTX.US, has said:

“We definitely hope to be able to offer them inside of a year. 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 US.”

The CFTC is the agency that regulates derivatives in the US.