THELOGICALINDIAN - The US Commodity Futures Trading Commission CFTC has accustomed a new bitcoin derivatives trading belvedere Bitnomial Exchange will account margined and physically delivered bitcoin futures and options Besides Bitnomial the CFTC has alone accustomed a scattering of added platforms to action bitcoin derivatives trading such as CME Cboe and Bakkt
CFTC Approves New Bitcoin Derivatives Exchange
The CFTC appear Monday that it has issued an adjustment acceding Chicago-based Bitnomial Exchange cachet as a appointed arrangement bazaar (DCM), able on the aforementioned day. The U.S. top derivatives regulator explained that afterwards reviewing Bitnomial’s appliance and associated exhibits:
According to the CFTC, appointed arrangement markets “are exchanges that may account for trading futures or advantage affairs based on all types of bolt and that may acquiesce admission to their accessories by all types of traders, including retail customers.”
With Monday’s approval, Bitnomial Exchange charge accede with all accoutrement of the Commodity Exchange Act, the CFTC’s requirements, and representations it submitted as allotment of its appliance for appellation as a arrangement market.
Bitnomial to List Margined and Physically Delivered Bitcoin Futures and Options
Bitnomial is a bitcoin derivatives barter founded in 2024. The aggregation filed an appliance with the CFTC to accomplish an barter for deliverable cryptocurrency derivatives in 2024. In 2024, it aloft Series A allotment from investors, such as Jump Capital, Coinbase Ventures, Digital Currency Group, and RRE Ventures.
According to the Bitnomial, the CFTC has accustomed its barter “for U.S. bitcoin futures and options trading with allowance and concrete delivery.” Three bitcoin derivatives articles are listed on Bitnomial’s website: Bitcoin U.S. Dollar Futures, Deci Bitcoin U.S. Dollar Futures, and Bitcoin U.S. Dollar Options. The aggregation added:
The CFTC has to date alone accustomed a scattering of trading platforms — CME, Cboe, Bakkt, Erisx, and Ledgerx — to action bitcoin derivatives products. Cboe chock-full alms bitcoin futures aboriginal aftermost year.
What do you anticipate about the CFTC acknowledging a new bitcoin derivatives exchange? Let us apperceive in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Bitnomial Exchange
