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Use of crypto as derivatives collateral outlined in CFTC factsheet

Bitcoin Photo Illustration
Photo: Peter Dazeley/Getty Images

Guidance keeps limits on uncleared swaps, applies haircuts, and requires FCMs to meet reporting and operational requirements under a no-action pathway.

A new FAQ clarifying when registered firms can use crypto and tokenized assets as collateral to support trading positions and cover losses in derivatives markets has been published by the CFTC’s Market Participants Division and Division of Clearing and Risk.

The FAQ, which is nonbinding, builds on a September 2025