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Nov 20, 2018
The US Securities and Exchange Commission has recently announced filing charges against several crypto-collateralized CFD trading platforms which were offering services to US-based traders, thus violating the federal SEC law. This came as a warning for international companies that have knowingly or unknowingly overstepped this law and allowed US-based traders to access and use the platforms. Alexander Geralis, the Chief Product Officer of cXchange, has discussed with BloxLive TV how SEC is clamping down on such exchanges and on digital asset margin trading, how this can impact traders who use leverage and affect the global market overall. In his interview, Alexander covered the following areas: