The Commodity Futures Trading Commission (CFTC) has charged three decentralized finance (DeFi) operations – Opyn, Inc., ZeroEx (0x), Inc. and Deridex, Inc. – with offering illegal derivatives trading, according to a Thursday statement from the agency. The three firms face a number of accusations based on their use of blockchain-based protocols and smart contracts to function as trading platforms. The U.S. derivatives regulator is ordering Opyn, ZeroEx, and Deridex to cease those violations and pay penalties of $250,000, $200,000, and $100,000, respectively. All three companies are accused of illegally offering leveraged and margined retail commodity transactions using digital assets, the CFTC said.
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