Around 23 exchanges confirmed that regulation remains the key challenge when it comes to offering crypto assets, according to a report from the World Federation of Exchanges (WFE).
Data from the World Federation of Exchanges showed 3.9 billion interest rate derivatives contracts were traded in 2017.
Richard Metcalfe joins WFE as head of regulatory affairs, replacing Gavin Hill who will join the compliance team at the London Metal Exchange.
The World Federation of Exchanges urges flexibility and cross-border cooperation for CCP resolutions plans.
WFE pushes for global approach to distributed ledger technology and seeks introduction of regulatory sandboxes.
Asia-Pacific region sees 21% drop in trade volumes, bringing global trade volumes down 7% in first half of 2016.