Bitnomial launches first regulated Aptos futures in U.S.
Bitnomial has launched the first regulated Aptos futures product in the U.S. for institutional and retail traders.Summary
U.S. derivatives exchange Bitnomial announced the launch of the first regulated futures product for the Aptos (APT) token in the United States. This move aims to provide institutional and retail traders with a regulated venue for APT price discovery and risk management, contrasting with existing derivatives on offshore exchanges. Bitnomial President Michael Dunn suggested that establishing a regulated futures market could be a prerequisite for future SEC approval of spot crypto ETFs for Aptos, similar to Bitcoin and Ethereum. The new contracts feature monthly expirations and settle in USD or APT, allowing traders to use crypto or USD as margin. Bitnomial, which is CFTC-regulated, plans to introduce APT perpetuals and options later. Aptos Labs praised the regulated framework for meeting compliance needs.
(Source：The Block)