BME’s Approved Derivatives Segment

BME Clearing, the Spanish central
counterparty, has obtained regulatory approval to clear Bitcoin and Ethereum
futures denominated in USD within the EU regulatory framework. This move
introduces a new segment for digital asset derivatives, enhancing the trading,
clearing, and cash settlement of digital asset futures in a secure and highly
regulated environment.

The CNMV’s (Comisión Nacional del Mercado de Valores)
approval is an imperative regulatory objective. CNMV is the financial
regulatory authority in Spain, and their approval is a crucial step for any
financial institution operating within Spain, ensuring compliance with local
regulations.

The approval of BME
Clearing from CNMV enables it to clear futures contracts for two of
the most prominent cryptocurrencies, Bitcoin and Ethereum. These futures
contracts are denominated in USD, which provides a familiar and widely used
currency for trading and settlements
Settlement

Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer’s name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2

Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer’s name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2
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