Bitnomial Launches US-Regulated Aptos Futures
Bitnomial has launched monthly futures contracts for the Aptos (APT) token regulated by the CFTC in the US.Summary
Chicago-based crypto exchange Bitnomial has introduced monthly futures contracts for the Aptos (APT) Layer-1 blockchain token, expanding regulated derivatives availability in the US. Initially available to institutional clients through clearing members, retail access is anticipated soon via the Botanical platform. These contracts feature monthly expirations and settle in either USD or APT tokens. Michael Dunn, Bitnomial's president, noted that regulated futures markets are a prerequisite for SEC approval of spot crypto ETFs, allowing institutions to gain APT exposure using existing infrastructure for Bitcoin and Ether, including cross-margining. The contracts are regulated by the US Commodity Futures Trading Commission (CFTC). Bitnomial has navigated a complex regulatory environment, previously launching regulated XRP futures after a dispute with the SEC.
(Source：Cointelegraph)