FIA warns on derivative exchanges’ cryptocurrency craze

Punch regulation clampdown pressure crush online virus anti fotolia
By Costas Mourselas, Ross Lancaster
07 Dec 2017

The Futures Industry Association has penned an open letter to the chairman of the Commodity Futures Trading Commission, expressing caution over the way cryptocurrency derivatives have been brought to market.

The FIA, which represents clearing members in the centrally cleared derivatives markets, wrote the letter to CFTC chairman Christopher Giancarlo after announcements last Friday by major derivatives exchanges.

Those statements confirmed that the Chicago Board Options Exchange and the Chicago Mercantile Exchange have self-certified bitcoin futures and that ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.