> For the complete documentation index, see [llms.txt](https://docs.architect.co/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.architect.co/user-guide/futures-101/bitcoin-and-cryptocurrency.md).

# Bitcoin & Cryptocurrency

Digital assets or cryptocurrencies, like Bitcoin (BTC) and Ethereum (ETH), are the underlying asset for some US futures. It's worth noting that the underlying spot cryptocurrency markets are not generally regulated in the same way like US futures exchanges are, and this asset class carries higher risks and volatility. \
\
Architect Financial Derivatives LLC IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.\
\
See additional notices about Virtual Currency from the [CFTC ](https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/understand_risks_of_virtual_currency.html)and [NFA](https://www.nfa.futures.org/members/ib/regulatory-obligations/virtual-currency.html).&#x20;


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