CFTC Press Releases/
Commission Staff Confirms the Categorization of Certain Crypto Asset Perpetuals as Foreign Futures and Issues No-Action Letter Regarding FCM Transfers of Customer Crypto Assets to Foreign Brokers as Margin
The CFTC staff confirmed that certain crypto asset perpetuals listed on Deribit FZE may be categorized as foreign futures and issued a no-action letter to Coinbase Financial Markets (CFM) regarding the transfer of customer crypto assets to foreign brokers as margin.
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Why It Matters
This provides regulatory clarity for US-based futures commission merchants like Coinbase Financial Markets to offer foreign-listed crypto derivatives, expanding access to sophisticated trading tools while allowing specific margining practices.