Initial margin requirements for centrally cleared markets increased by $300bn over March 2020.
The crypto exchange aims to offer regulated crypto futures and options to its US user base.
A third ETF tracking bitcoin futures contracts has been approved to list in the US.
The last phase of SOFR First will involve exchange-traded derivatives with timing to be determined.
Latest phase of the uncleared margin rules were implemented in September.
U.S. equity options volumes have grown over the past several years.
The settings will help the U.S. dollar non-linear market in its transition from LIBOR.
Year-to-date cleared contract volume through end of September up 35%.
WeMatch develops web-based solutions to replace voice broking for derivatives.