Bitnomial Wins Approval to Debut First CFTC-Regulated Spot Crypto Trading Platform
Bitnomial received approval to launch the first U.S. spot cryptocurrency trading platform regulated by the CFTC.Summary
Bitnomial, a Chicago-based derivatives exchange, has received approval to launch the first spot cryptocurrency trading platform overseen by the U.S. Commodity Futures Trading Commission (CFTC). The exchange's self-certified rules are now effective, allowing it to list both leveraged and non-leveraged spot crypto products. This development marks the first time customers can trade digital assets directly on a federally regulated commodities exchange in the U.S. The approval aligns with the CFTC's increasing efforts to bring retail crypto markets under federal commodities oversight, following statements from acting CFTC head Caroline Pham about discussions with regulated exchanges regarding spot crypto products. This move could potentially open the door for other exchanges holding designated contract market (DCM) status to offer similar products.
(Source：CoinDesk)