The CFTC has allowed the use of cryptocurrencies as collateral in the derivatives market
The Commodity Futures Trading Commission (CFTC) has launched a pilot program that for the first time allows the use of digital assets as collateral when trading derivatives. At this initial stage, this includes Bitcoin, Ethereum, and USDC.
The regulator has also issued guidance on tokenized collateral and canceled outdated requirements that became irrelevant after the enactment of the GENIUS Act.
At Coinbase and Circle, the initiative has been called an important step towards recognizing digital assets as a full-fledged element of the financial system.
