Bitnomial Wins Approval to Debut First CFTC-Regulated Spot Crypto Trading Platform
7 Articles
7 Articles
Bitnomial Wins Approval to Debut First CFTC-Regulated Spot Crypto Trading Platform
The move marks the first time spot crypto assets can trade on a federally regulated commodities venue, signaling the CFTC’s accelerating push to oversee retail digital-asset markets.
First U.S. CFTC-Recognized Spot Crypto Market to Launch on Bitnomial
Bitnomial, a Chicago-based derivatives exchange, has received approval to offer spot cryptocurrency trading directly under the supervision of the Commodity Futures Trading Commission (CFTC). The move marks the first time that U.S. retail traders can buy and sell digital assets on a federally regulated commodities exchange.Bitnomial’s self-certified rules, which took effect Friday, allow it to list both leveraged and non-leveraged spot crypto pro…
CFTC Approves Bitnomial’s Spot Crypto Trading — Coinbase Could Be Next
What Did the CFTC Approve and How Is Bitnomial First to Market? Bitnomial has become the first exchange allowed to offer spot cryptocurrency trading under direct oversight of the U.S. Commodity Futures Trading Commission. The Chicago-based platform received clearance after its self-certified rulebook took effect on Friday, allowing it to list both leveraged and non-leveraged spot crypto products. Customers will be able to buy, sell and finance d…
The platform expands its business model and will now open the door to cryptocurrency trade, although it will do everything in accordance with the nation’s commodity regulator. *** Bitnomial will be able to list cryptocurrencies and products associated with and without leverage, under the supervision of the CFTC. Approval marks a precedent that could benefit other regulated exchanges. The CFTC insists that it has the authority to monitor cryptocu…
Bitnomial set to launch first CFTC-regulated spot crypto trading
Bitnomial's launch could enhance regulatory trust and attract more retail investors to the crypto market, potentially boosting mainstream adoption. The post Bitnomial set to launch first CFTC-regulated spot crypto trading appeared first on Crypto Briefing.
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