CFTC Proposes Conflict Rules for Integrated Crypto Venues

The CFTC proposed new rules to address conflicts of interest in vertically integrated crypto trading venues, restricting affiliated market makers' access to non-public information and requiring separation of personnel and technology within the same corporate group. These rules aim to safeguard market integrity in crypto exchanges that own multiple trading functions, a common model among major platforms like Coinbase and Kraken.

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