tZERO wins U.S. CFTC approval to operate derivatives exchange

U.S. blockchain-based securities trading platform tZERO has received approval from the U.S. Commodity Futures Trading Commission to operate a derivatives exchange, The Block reported. In addition to its existing registration as a derivatives clearing organization, or DCO, the company also secured designated contract market, or DCM, status, enabling it to provide regulated derivatives trading and clearing infrastructure alongside cryptocurrency services.