The World Federation of Exchanges (WFE) has released a paper outlining six principles for regulating crypto-asset trading platforms (CTPs). The WFE believes that CTPs could play a larger role in the "real" economy and society, but they must meet certain standards, including segregating functions to avoid trading against customers. The trade association also supports the integration of distributed ledger technology (DLT) into traditional finance exchanges, and suggests that regulation could be applied on the level of DApps rather than the protocol. The WFE endorses the IOSCO Principles for Secondary and Other Markets to raise standards on crypto markets.