CFTC Says Offshore Crypto Exchanges Have Path to Bringing on US Users
The Commodity Futures Trading Commission has taken a step that could make it easier for some overseas crypto exchanges to legally offer derivatives to American traders, a move that could reopen a path back into the US for firms like Binance Holdings Ltd.
The agency issued an advisory clarifying how foreign platforms can register as so-called foreign boards of trade, provided they are fully licensed to offer derivatives in regulatory regimes that the CFTC deems comparable to US levels of oversight.