CFTC’s Behnam Calls FTX Idea a Potential ‘Evolution’ in Market Structure

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The FTX_Official proposal for clearing customers' crypto derivatives trading has CFTCbehnam spouting words like 'evolution' and 'disruption.' jesseahamilton reports

at the proposal as dangerous, saying it could spark flash crashes from automatically liquidating customers’ positions without human intervention.

“They come into the traditional market space and they’re just a bit puzzled,” he said. “They’re like, ‘Why do you do it this way? We have a way that’s more efficient, where we can have trading execution that’s quicker with better pricing, and we can have settlement and custody in a much better manner.’ That’s where I think we have to learn from each other collectively.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

FTX_Official CFTCbehnam jesseahamilton $$

FTX_Official CFTCbehnam jesseahamilton Funding rates for BTC and ETH have been negative for some time now. Also, derivatives prices have been raising funds since May... which should put more evolutionary pressure on the crypto space as a whole

FTX_Official CFTCbehnam jesseahamilton

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto spot market regulation a 'big step for us' says CFTC chair, amid push for new lawRostin Behnam is continuing the CFTC's push to widen its regulatory net into crypto spot markets.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Crypto spot market regulation a 'big step for us' says CFTC chair, amid push for new lawRostin Behnam is continuing the CFTC's push to widen its regulatory net into crypto spot markets.
Source: TheBlock__ - 🏆 464. / 53 Read more »