Crypto Custodians Advance in US Derivatives Clearing
A CFTC ruling now allows crypto custodians to handle daily settlements previously restricted to traditional banks.
The Commodity Futures Trading Commission has authorized derivatives clearinghouses to use crypto custody firms for daily settlements. The November 5 measure amends a rule that previously limited these operations exclusively to traditional banking institutions.
The move responds to a request from Nodal Clear and seeks to align commodity regulations with current market practices. Custody firms must meet the same assessment and monitoring requirements as banks to ensure transaction security.
The financial volume involved in the derivatives sector is significant. CME Group, for example, recorded an average of 8.7 billion dollars in daily transfers within its clearinghouses during the first half of 2026.
The partnership between Nodal Clear and Coinbase exemplifies the integration of digital assets into the financial system. Coinbase Custody Trust is expected to provide these daily settlement services according to the new parameters established by the regulator.
Despite this opening, the revocable nature of the decision and shifts in the American political landscape create uncertainty regarding the long-term viability of this model. Traditional banking groups continue to challenge the expansion of crypto firms into services that were once the exclusive domain of the banking sector.
Spotted an error? Write to suporte@criptoico.com.br.
