The CFTC is pushing for the introduction of cryptocurrency spot leverage trading on regulated trading platforms
By: theblockbeats.news|2025/11/10 08:19:36
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BlockBeats News, November 10th, Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC) Caroline Pham confirmed a previous report: the agency is in direct discussions with regulated trading platforms, planning to launch cryptocurrency spot trading, including leverage products, as early as next month.
Despite the current federal government "shutdown" due to budget issues and hindered progress on other cryptocurrency-related policies, the plan is still moving forward. Pham has held discussions with several CFTC-regulated Designated Contract Markets (DCMs). The list includes financial giants CME, Cboe Futures Exchange, ICE Futures Exchange, as well as crypto-native platforms Coinbase Derivatives and prediction markets Kalshi and Polymarket US. The discussions covered the launch of crypto spot trading products with margin, leverage, and financing features.
Pham stated in an interview, "As we continue to work with Congress to bring legislative clarity to these markets, we are also leveraging existing authorities to swiftly implement the relevant recommendations from the President's Working Group on Financial Markets report." This move marks a significant shift in U.S. regulatory agencies' approach to overseeing the crypto market.
Until Congress formally grants the CFTC explicit regulatory authority over the crypto spot market, Pham is choosing to utilize existing provisions in the Commodity Exchange Act, which require all retail commodity transactions involving leverage, margin, or financing to occur on regulated exchanges.
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