Nadex Amends Product Specifications and Adds Additional Currency Denominations for Deposits and Withdrawals
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (the “Act”), and §40.6(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act, North American Derivatives Exchange, Inc. d/b/a crypto.com | Derivatives North America (“Nadex”) submitted to the Commission its intent to amend Rule 12.25 by adjusting the ETH UpDown Options contract range on a permanent basis due to changes in the volatility of underlying market upon which the ETH UpDown Contract is based. Nadex will also be adjusting the dollar multiplier of the ETH UpDown Contract. Additionally, Nadex is also amending a footnote to Rule 3.1 in order to allow GBP and EUR as additional acceptable denominations for the purposes of depositing into and withdrawing from a Member’s Nadex account. These changes will take place on July 19, 2023.