The US Commodity Futures Trading Commission (CFTC) has granted TD Ameritrade-backed cryptographic derivatives provider ErisX Derivatives Clearinghouse (DCO) license, which is the second-level approval of the exchange's designated contract market (DCM) license. . The move marks the company's ability to launch cryptocurrency futures products with the support of US regulators. Although no definitive timetable is provided, ErisX plans to launch a physical settlement futures contract later this year. ErisX CEO Thomas Chippas said the company is “unique” because it “divides trading and settlement functions using traditional DCM (transaction) and DCO (clearing) models.