FTX CEO advocates for knowledge tests on all derivatives trading
Join Our Telegram channel to stay up to date on breaking news coverage The CEO of the FTX cryptocurrency exchange, Sam Bankman-Fried, has said that he supports having knowledge tests and disclosures on derivatives trading platforms. This will ensure retail investors are protected. However, Bankman-Fried said that these conditions should not be specific to cryptocurrencies. FTX CEO supports knowledge tests on derivatives trading The FTX CEO shared his thoughts in response to an idea shared by a commissioner of the Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero. On October 15, Romero said that better consumer protection measures would be guaranteed if there is a “household retail investor” division for derivatives trading. Romero has also added that the crypto industry was paving the way for more retail traders to venture into derivatives markets . The commissioner has also called upon the CFTC to separate retail investors from high-networth ...