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Bitnomial launches first-ever Aptos futures in the US

Crypto Briefing
Bitnomial has launched the first US-regulated Aptos (APT) futures contracts, offering institutional traders a compliant venue for price discovery.

Summary

Bitnomial has introduced the first US-regulated Aptos (APT) futures contracts on its exchange, providing institutional and retail traders with a compliant platform for APT price discovery and risk management. These futures contracts feature monthly expirations and can settle in USD or APT, allowing traders to use crypto or USD as margin via Bitnomial Clearinghouse. Michael Dunn, President of Bitnomial Exchange, noted that this regulated market is a prerequisite for potential spot crypto ETF approval under SEC standards, enabling institutions to gain APT exposure using the same infrastructure as Bitcoin and Ether derivatives. Solomon Tesfaye of Aptos Labs emphasized that such regulated derivatives infrastructure is vital for institutional adoption. The futures are currently live for institutional clients, with retail access expected soon, and plans for perpetual futures and options are in development.

(Source:Crypto Briefing)