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  3. CFTC Approves Spot Cryptocurrency Trading on U.S. Exchanges

CFTC Approves Spot Cryptocurrency Trading on U.S. Exchanges

Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 4 hour ago
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  • Regulatory Developments: The CFTC has approved spot trading of cryptocurrencies on regulated futures exchanges, marking a significant step towards mainstream acceptance, while the EU proposes to expand ESMA's authority for tighter oversight of crypto firms.

  • Ethereum Upgrade: The Fusaka upgrade on Ethereum has gone live, enhancing transaction throughput and reducing costs, which aims to improve scalability and user experience.

  • Market Sentiment: The overall market sentiment remains cautiously optimistic due to these regulatory advancements and technological upgrades, contributing to a positive price impact on ETH.

  • Trading Strategy: The ongoing developments suggest potential for sustained growth in the crypto market, although caution is advised amid broader market volatility.

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About the author

Ohris M. Greyoon
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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