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CFTC Proposes Regulatory Framework for Leveraged Crypto Asset Trading for Retail Investors

Investing.com +1 ·

HOOD Robinhood Markets Inc
$114.11 +1.22%
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COIN +2.85%
  1. 1The CFTC has released a notice of proposed rulemaking containing a tailored regulatory framework for leveraged digital asset trading offered to retail investors.
  2. 2This proposal will form official rules following a 60-day public comment period.
  3. 3Robinhood Markets is preparing to launch cryptocurrency perpetual futures that offer up to 10x leverage on certain contracts.

So what's the key point?

A US regulatory agency announced plans to create rules regarding how individuals trade cryptocurrency using borrowed money. This comes as Robinhood Markets prepares to launch products that allow for up to 10x leverage.

Source Investing.com +1 · View original ↗

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