Spot Crypto Trading Gets Major Green Light From US Regulators
In a continued support for crypto, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jointly confirmed that registered exchanges can now facilitate spot crypto trading under existing law. Related Reading: Bitcoin In Trouble? Exchange Reserve Spikes To Highest In Months The joint statement, released Tuesday, clarifies that platforms such as the New York Stock Exchange (NYSE), Nasdaq, CBOE, and CME face no legal barriers to listing select digital asset products. SEC Chair Paul Atkins hailed the move as a turning point, emphasizing that....
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Brazil might just become the first country to launch a spot XRP ETF also known as exchange-traded fund, after Hashdex received the green light from the nation’s securities regulator. The Hashdex Nasdaq XRP Index Fund has entered its pre-operational phase, as confirmed by Brazil’s Securities and Exchange Commission (CVM). Related Reading: XRP In Demand: Whales […]
As the price of Bitcoin pushes near its all-time high, several areas involving the crypto king, especially the Spot ETFs, are starting to turn remarkably green once again. With the Spot ETFs recording bullish closes, this renewed momentum is beginning to challenge the spot market trading. Institutional Capital Flows Bolster Bitcoin Spot ETFs The historic […]
The crypto industry is approaching a major milestone as the market anticipates the potential approval of an XRP Spot ETF in the United States (US). Analysts suggest that recent developments regarding the US Securities and Exchange Commission’s (SEC) review could deliver the final nail in the coffin for XRP. With ETF filings still awaiting approval, the market is watching closely, as a green light could pave the way to greater mainstream adoption and institutional investment in XRP. XRP ETF To Become Game-Changer For The Market Nate Geraci, President of NovaDius Wealth Management and....
If Coinbase gets approval from the National Futures Association, it will then need to register with the Commodity Futures Trading Commission to get the green light. Top U.S. crypto exchange Coinbase has submitted an application to become a registered Futures Commission Merchant (FCM) with the National Futures Association (NFA).Details are sparse, but according to the NFA website the pending application was submitted on Sept. 15 under the name “Coinbase Global Inc.”Coinbase highlighted the move via Twitter on Sept. 16 and stated that “this is the next step to broaden our offerings and offer....
Asset management firm Fidelity has made further amendments to its application for an Ethereum (ETH) spot exchange-traded fund (ETF). This move comes as the investment giant and other applicants await the green light from the Securities and Exchange Commission (SEC) to commence ETH ETF trading in the United States. Fidelity Updates S-1 Form – What’s […]