BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Energy Exchange ElectronX Secures CFTC Approvals for Derivatives Market Launch
Energy Exchange ElectronX Secures CFTC Approvals for Derivatives Market Launch
24
1
BTCCSquare news:
ElectronX, a Chicago-based energy exchange designed to mitigate short-term electricity price volatility, has received dual regulatory approvals from the U.S. Commodity Futures Trading Commission. The platform was granted Designated Contract Market and Designated Clearing Organization status, positioning it to launch centrally cleared power derivatives later this year.
The exchange will offer collateralized micro-contracts for precise intraday hedging, addressing growing demand from AI data centers and electrification trends. "This marks a watershed moment for energy risk management," said CEO Sam Tegel, noting the CFTC's rigorous oversight standards provide institutional credibility.
By:
