Crypto.com, a Binance competitor, secured full CFTC approvals in September, becoming the first major US crypto platform to do so.
As disclosed, the licenses allow it to offer integrated derivatives services.
Meanwhile, Coinbase is in search of a Federal OCC charter, and Binance has continued to expand its crypto services and partnerships.
Binance Rival, Crypto.com Reaches Key Milestones in September
Crypto.com secured the full stack of Commodity Futures Trading Commission (CFTC) approvals in September.
The company obtained a derivatives clearinghouse organization license and was approved as a Futures Commission Merchant.
This made Crypto.com the first major US platform to receive all these approvals.
The licenses allow the company to offer clients a complete derivatives experience, including trading, clearing, and risk management.
The company also introduced several service upgrades in September.
The Send feature, previously called Pay Your Friends, received a refreshed in
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