It looks like The U.S. Commodity Futures Trading Commission (CFTC) has been having some good days from the past few months as they have approved another crypto derivatives exchange to offer physically-settled Bitcoin swaps.
The Rebranding Magic
Tassat was previously known as trueDigital, and they changed the name in September as they moved in the derivatives trading and payments market. The approval for CFTC has helped the firm go ahead with its plans of launching a physically-settled Bitcoin margin swap.
The launch date for the product is not disclosed by the platform yet, but they did mention that the product is under testing and adding more institutional participants to the project.
The BTC Swap Wars
With the launch of its Bitcoin margin swaps product, Tassat will be in the neck to neck competition with SeedCX that is also testing a similar product that will be launched soon. LedgerX is another company that was registered in 2017 by CFTC as it permitted it to offer swaps and other products for its institutional clients.