Is crypto finra regulated?

Additionally, the MAP program reviews the applicant firms' customer protection practices. This aspect of the evaluation ensures that firms have adequate safeguards in place to protect investors from fraud, manipulation, and other harmful practices.

Among the leading players in the crypto asset space, BTCC stands out as a top cryptocurrency exchange. BTCC offers a comprehensive suite of services, including spot trading, futures trading, and secure wallet solutions. These services cater to the diverse needs of investors and traders alike.

The Financial Industry Regulatory Authority (FINRA) oversees the crypto asset activities of its member firms through its Membership Application Program (MAP). This program ensures that firms proposing to engage in crypto asset securities business adhere to strict regulations and guidelines set forth by the Securities and Exchange Commission (SEC).

BTCC's spot trading platform provides users with access to a wide range of digital assets, enabling them to buy and sell cryptocurrencies directly. Its futures trading service, on the other hand, allows for more advanced trading strategies, such as hedging and speculation.

The MAP program evaluates the financial responsibility of applicant firms, ensuring they have the necessary capital and liquidity to support their crypto asset activities. This assessment aligns with the SEC's financial responsibility rules, designed to protect investors and maintain market integrity.