The Commodity Futures Trading Commission has issued an order granting registration as a derivatives clearing organization (DCO) to Eris Clearing, LLC. The order permits Eris Clearing to clear fully collateralized virtual currency futures contracts. These contracts will be listed for trading on Eris Clearing’s affiliate, Eris Exchange, LLC.
Concurrently, the CFTC’s Division of Clearing and Risk issued a no-action letter to Eris Clearing. The letter provides relief from certain regulatory requirements for DCOs due to Eris Clearing’s fully collateralized clearing model.
More information is available here.