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Derivatives Trade Association ISDA to Develop Common Standards for Crypto Assets
ISDA is aiming to characterize the different features of crypto assets and their relevance to contractual standards.
Updated May 11, 2023, 5:20 p.m. Published Dec 16, 2021, 10:12 a.m.
The International Swaps and Derivatives Association (ISDA), a trade organization, is working to develop common legal standards for derivatives linked to crypto.
- ISDA published a white paper Tuesday aiming to characterize the different features of crypto assets and their relevance to existing contractual standards, and identify events that might cause problems with derivatives pegged to crypto assets.
- The events highlighted by ISDA include forks, airdrops, cyberattacks and changes in law or regulation. The paper also seeks to explore how digital assets can be valued and what happens when that valuation cannot be obtained.
- As a global standard setter, ISDA’s standards are incorporated for derivatives trading in mainstream markets such as bonds and equities. Having an equivalent template for crypto could be a boon for institutional investment into the digital asset market.
- ISDA’s announcement followed less than a week after crypto exchange FTX’s U.S affiliate became a member of the association. As one of the most prominent derivatives platforms in crypto, FTX has a 24-hour trading volume of nearly $14.5 billion, according to CoinGecko.
Read more: Binance Is Threatening to Block UK Derivatives Traders in a Move to Keep Regulators at Bay
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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