TD Ameritrade-backed Bakkt competitor ErisX just got a necessary approval from the U.S. Commodity Futures Trading Commission (CFTC) for its Bitcoin futures product.
ErisX today announced that the Commodity Futures Trading Commission (CFTC), the United States’ regulatory agency with jurisdiction over futures markets, has granted Eris Clearing a derivatives clearing organization (DCO) license under the Commodity Exchange Act (CEA). This supplements the Designated Contract Market (DCM) license already held by Eris Exchange since 2011.
In short, this means ErisX is one step closer to being able to launch physically settled Bitcoin futures on US markets.
For more, see the official Medium post “ErisX Granted Derivatives Clearing Organization License For Physically Delivered Digital Asset Futures Contracts by U.S. Commodity Futures Trading Commission.”