Mango Markets Mulls CFTC Settlement Over Crypto Trading Violations

Decentralized
crypto
exchange
Mango
Markets
has
already
weathered
a
debilitating
multimillion-dollar
hack
and
the
expensive
regulatory
investigations
it
spawned.
The
group
may
soon
take
another
blow:
a
six-figure
settlement
with
the
Commodity
Futures
Trading
Commission
(CFTC).

The
crypto
derivatives
trading
hub
faces
CFTC
charges
for
allegedly
failing
to
register
as
a
commodities
exchange,
for
illegally
offering
services
to
U.S.
customers
and
failing
to
check
its
customers’
identities,
according
to
statements
in
its
Discord
server
and
a
proposal
on
its
governance
page.
The
DEX
allows
users
to
trade
perpetual
futures
contracts.