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FTX.US Aiming to Offer Crypto Derivatives Trading in Less Than a Year: Report

FTX's U.S. affiliate has limited offerings, compared with its international counterpart.

Updated Sep 14, 2021, 1:39 p.m. Published Aug 12, 2021, 5:33 p.m.

FTX.US, the U.S. affiliate of crypto exchange FTX, intends to offer cryptocurrency derivative trading in less than a year.

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The exchange sees two ways to achieve that goal – either by launching its own service, which would require a license, or by acquiring a company, FTX.US President Brett Harrison said in an interview with Business Insider.
FTX.US has a limited range of offerings compared with its international counterpart, FTX.
"We definitely hope to be able to offer them inside of a year," Harrison told the publication. "Quite frankly, we could have or should have started a long time ago, but we're definitely interested in going through the process and collaborating with the [Commodity Futures Trading Commission] to be able to offer those products in the U.S." The CFTC regulates derivatives.
In June, FTX launched two perpetual futures products licensed on VanEck’s subsidiary, MV Index Solutions GmbH (MVIS) Indices, with market data provided by CryptoCompare.

Derivatives FTX

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.