COINTELEGRAPH · 2026-11-10 21:35 UTC

Can crypto trust firms compete with banks in US derivatives settlements?

The CFTC on Nov. 5 allowed derivatives clearinghouses to use trust companies for daily settlements with clearing members, a function previously limited to banks. CME Group transferred an average of $8.7 billion per business day through its clearing systems in the first half of 2026, up from $6.7 billion a day in 2025. Traditional banking groups, including the Independent Community Bankers of America, have sued the OCC over national trust bank charter rules that they say let crypto firms conduct banklike activities without meeting all bank requirements.

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