DerivaDEX has launched a licensed cryptocurrency derivatives platform in Bermuda, becoming the first DAO-governed DEX to operate under official regulatory approval. The platform received a T (test license) from the Bermuda Monetary Authority (BMA) and has begun offering perpetual swap contract trading to a limited group of professional investors and institutions.
In the initial phase, DerivaDEX supports major perpetual products and plans to expand into prediction markets and traditional securities. The platform combines off-chain order matching with on-chain settlement on Ethereum, allowing users to custody their assets independently and utilize encryption mechanisms to prevent front-running.
This move comes as major financial institutions like BlackRock and Apollo increasingly participate in DeFi infrastructure, amid ongoing debates in the U.S. over the regulatory framework for digital assets.
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