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Crypto.com Secures CFTC Authorization to Provide Margined Cryptocurrency Derivatives in the United States
Crypto.com has obtained authorization from the Commodity Futures Trading Commission (CFTC) to provide margined derivatives, including those related to cryptocurrencies, via its affiliate Crypto.com | Derivatives North America (CDNA).
Key Takeaways:
- Crypto.com has been granted CFTC approval to offer cleared margined derivatives through its affiliate CDNA.
- Its U.S. subsidiary, Crypto.com | FCM, is now recognized as a registered Futures Commission Merchant with the NFA.
- The approvals enable Crypto.com to introduce a fully regulated, leveraged derivatives platform for both retail and institutional clients in the U.S.
As per a recent announcement, CDNA, which is already a CFTC-registered exchange and clearinghouse, has received an amended Derivatives Clearing Organization (DCO) license.
This allows the company to provide cleared margined derivatives across cryptocurrencies and other asset classes, extending beyond its earlier permission to offer fully collateralized products through prediction markets.
Crypto.com Secures FCM Approval from NFA for Entry into U.S. Derivatives Market
Additionally, Foris DAX FCM LLC, operating as Crypto.com | FCM, has been authorized as a Futures Commission Merchant (FCM) by the National Futures Association.
This enables Crypto.com to serve as an intermediary for both retail and institutional clients within the U.S. derivatives market.
“We will soon deliver regulated, leveraged derivatives to retail customers in the U.S. through a single interface,” stated Crypto.com CEO and co-founder Kris Marszalek.
“This marks a significant advancement in providing a comprehensive derivatives platform under U.S. regulatory supervision.”
Marszalek acknowledged Acting CFTC Chair Caroline Pham for expediting the approval process, expressing gratitude for the collaboration with Acting Chairman Pham and the CFTC, who are diligently working to implement the crypto agenda of President Trump.
Another significant milestone for @cryptocom as we have received approval from the @CFTC for derivatives licenses in the United States for margined derivatives.
Read more herehttps://t.co/MTpEZo5fmf
— Crypto.com (@cryptocom) September 27, 2025
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The amended DCO application was filed in June 2024, following discussions with CFTC staff that commenced in 2023.
The approval process included reviews of documentation and technical demonstrations of CDNA’s trading and clearing systems. The FCM application was submitted earlier in April 2022 and underwent a similar evaluation by NFA staff.
“Today’s approvals are evidence that Acting Chairman Pham is fulfilling President Donald J. Trump’s commitment in real-time,” remarked Steve Humenik, Head of Clearing at CDNA.
Nick Lundgren, Chief Legal Officer of Crypto.com, indicated that this initiative is part of the company’s broader strategy to become “the most regulated financial services platform in the world.”
Travis McGhee, Global Head of Capital Markets, noted that CDNA is developing a next-generation clearinghouse with an emphasis on risk management and scalability.
CFTC Expands Digital Asset Advisory Roles, Links Efforts to New Crypto Bill
The CFTC has recently appointed new members to its Global Markets Advisory Committee (GMAC) and Digital Asset Markets Subcommittee (DAMS), demonstrating its commitment to incorporating industry expertise into digital asset policymaking.
New members of DAMS include Katherine Minarik from Uniswap Labs, Avery Ching from Aptos Labs, James J. Hill from BNY, and Ben Sherwin from Chainlink Labs, all of whom have backgrounds in blockchain infrastructure, legal policy, and institutional crypto strategy.
Scott Lucas from JPMorgan will now co-chair the group alongside Sandy Kaul from Franklin Templeton, succeeding Caroline Butler.
Lucas emphasized the necessity of “clear and effective regulatory frameworks,” while Kaul highlighted consumer protection as a primary concern.
DAMS provides advice to the CFTC on blockchain, tokenization, and decentralized finance, assisting the agency in evaluating risks and aligning oversight across financial markets.
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