The U.S. Commodity Futures Trading Commission has proposed a new rule that would require any cryptocurrency exchange offering leveraged trading to U.S. retail customers to register at the federal level. According to the information cited by Techub News, the proposal is aimed at reducing access to high-leverage trading options and bringing the crypto market closer to standards used in traditional finance. The draft, if advanced, would also raise compliance expectations for exchanges that run leveraged products in the U.S. retail market. The report said the measure is expected to reshape the U.S. crypto market and place tighter operational requirements on platforms that provide leverage services. Techub News attributed the information to Crypto Briefing.
The U.S. Commodity Futures Trading Commission, or CFTC, has put forward a new rule that would force all cryptocurrency exchanges offering leveraged trading to U.S. retail customers to register at the federal level.
The idea is simple: cut back high-leverage trading options and push the crypto market closer to the standards used in traditional finance.
From what has been disclosed so far, the draft rule looks set to reshape the U.S. crypto market and bring tougher compliance demands to the operating models of exchanges that offer leveraged services.
Techub News reported the development, citing Crypto Briefing.
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