U.S. CFTC-Driven Spot Crypto Trading Going Live, Opening Up New (Regulated) Arena
The CFTC is launching federally regulated leveraged spot crypto trading next week via the Bitnomial exchange.Summary
The U.S. Commodity Futures Trading Commission (CFTC) is introducing a new, federally regulated form of leveraged spot digital asset trading, set to begin next week with the Bitnomial exchange. Bitnomial operates as a Designated Contract Market (DCM) under CFTC regulation, ensuring this new activity launches in a fully regulated environment. Acting Chairman Caroline Pham stated this move provides Americans with access to safe, regulated U.S. markets, contrasting with risks seen on offshore exchanges, and marks the first time spot crypto can trade on CFTC-registered exchanges with established customer protections. This initiative aligns with recommendations from the President’s Working Group on Digital Asset Markets and utilizes the CFTC's existing authority. Bitnomial's CEO noted that leveraged spot crypto trading will now operate under the same framework as U.S. perpetuals, futures, and options. This is a key priority of the CFTC's "crypto sprint" aimed at implementing pro-crypto policy goals, even as Pham awaits her permanent replacement.
(Source：CoinDesk)