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The U.S. Commodity Futures Trading Commission (CFTC) has launched a pilot program allowing bitcoin, ether and USDC to be used as collateral in derivatives trading.

Argentina’s central bank is preparing to let commercial banks offer cryptocurrency services, signaling a major policy reversal that could go into effect by April 2026, according to local media.

Robinhood is expanding into Indonesia by acquiring local brokerage Buana Capital Sekuritas and crypto trading firm Pedagang Aset Kripto, the company announced.

Top stories in the Crypto Roundup today:

• CFTC Pilot Lets Bitcoin, Ether and USDC Be Used as Collateral in Derivatives Trading
• Argentina May Let Banks Offer Crypto Services by April 2026
• Robinhood to Enter Indonesia With Stock Brokerage and Crypto Platform Acquisitions

CFTC Pilot Lets Bitcoin, Ether and USDC Be Used as Collateral in Derivatives Trading

The U.S. Commodity Futures Trading Commission (CFTC) has launched a pilot program allowing bitcoin, ether and USDC to be used as collateral in derivatives trading.

Announced by Acting Chair Caroline Pham, the program is open to registered futures commission merchants (FCMs) that meet strict requirements. Firms must provide weekly reports on digital asset holdings and follow tight custody controls.

This marks a shift from previous rules and the CFTC also withdrew 2020 guidance that had restricted the use of crypto as collateral. The change follows the passage of the GENIUS Act, a new law updating digital asset regulations.

The agency issued a no-action letter giving firms limited permission to hold digital assets in customer accounts. The CFTC said its rules remain technology-neutral, but tokenized real-world assets like Treasuries must still meet legal and operational standards.

Argentina May Let Banks Offer Crypto Services by April 2026, Central Bank Says

Argentina’s central bank is preparing to let commercial banks offer cryptocurrency services, signaling a major policy reversal that could go into effect by April 2026, according to local media.

The Central Bank of Argentina (BCRA) banned banks from facilitating crypto transactions in 2022. But since the 2023 election of libertarian President Javier Milei, a vocal supporter of financial deregulation, regulators have moved toward a more crypto-friendly approach.

If approved, the new rules would allow banks to provide digital asset services to their customers, including access to stablecoins and potentially other cryptocurrencies. 

The shift comes as crypto use in Argentina continues to grow. Faced with high inflation, capital controls and a weak peso, many Argentines have turned to stablecoins like USDT to protect savings. 

A recent Chainalysis report found that more than 60% of crypto transactions in Argentina involve stablecoins, with on-chain volume reaching $91 billion between July 2023 and June 2024, the highest in Latin America.

Robinhood to Enter Indonesia With Stock Brokerage and Crypto Platform Acquisitions

Robinhood is expanding into Indonesia by acquiring local brokerage Buana Capital Sekuritas and crypto trading firm Pedagang Aset Kripto, the company announced.

The move gives the U.S.-based trading platform a direct path into one of Southeast Asia’s most active crypto and capital markets. Indonesia has over 17 million registered crypto traders and more than 19 million stock investors.

The acquisitions will allow Robinhood to offer both stock and digital asset services in the country, pending regulatory approval. The deal is expected to close in the first half of 2026.

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