CFTC Starts Pilot to Allow Bitcoin, ETH as Derivative Collateral

The Commodity Futures Trading Commission has launched a pilot program to allow the use of some digital assets, including Bitcoin, Ether and Circle’s USDC stablecoin, as collateral in derivatives markets, CFTC says in a statement, citing Acting Chairman Caroline D. Pham.

• Move represents a “milestone in the expanded adoption of digital assets in regulated markets with appropriate guardrails,” CFTC says
• NOTE: CFTC Paves Way for Spot Crypto Trades on Futures Exchanges (1)

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Belinda Cao in New York at lcao4@bloomberg.net

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Max Zimmerman at mzimmerman90@bloomberg.net

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