DerivaDEX launches Bermuda-licensed derivatives exchange under DAO governance
The decentralized exchange has begun offering crypto perpetual swaps after receiving a test license from Bermuda’s regulator, operating under DAO governance and formal oversight.
DerivaDEX has launched a Bermuda-licensed crypto derivatives platform, becoming what it says is the first DAO-governed decentralized exchange to operate under formal regulatory approval.
According to a statement from the platform, the exchange received a T license from the Bermuda Monetary Authority and has begun offering crypto perpetual swaps trading to a limited number of advanced retail and institutional participants.
The BMA’s T, or test license, is issued for a digital asset business seeking to test a proof of concept.