• 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. • Cointelegraph in your social feed 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 astatementfrom 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. • TheBMA’sT, or test license, is issued for a digital asset business seeking to test a proof of concept. • At launch, DerivaDEX supports major crypto perpetual products and said it plans to expand into additional markets, including prediction markets and traditional securities. • The company said the platform combines offchain order matching with onchain settlement to Ethereum, while allowing users to retain noncustodial control of funds.
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