The top US derivatives regulator on Monday provided guidance to exchanges and clearing houses that want to list cryptocurrency products, responding to industry concerns about the vetting process for new derivatives contracts like bitcoin futures.

The advisory from the Commodity Futures Trading Commission focuses on a set of best practices for launching cryptocurrency derivative contracts. It says exchanges should have the ability to monitor underlying cryptocurrency spot markets, have a plan for coordinating with federal regulators, and reach out to market participants to solicit comments on a pending contract launch.