The Commodities Futures Trading Commission (CFTC) on Thursday gave its formal approval for the first time to an exchange to allow spot trading of crypto on its platform. The exchange, Bitnomial, will throw the switch to begin trading on Monday.
“Leveraged spot crypto trading is now available under the same regulatory framework as U.S. perpetuals, futures, and options,” Bitnomial founder and CEO Luke Hoersten said in a press release. “Broker intermediation and Clearinghouse net settlement eliminate counterparty risks while providing the capital efficiency traders need. We’re bringing leveraged spot crypto trading back to the U.S. with CFTC oversight.”
The launch represents a key milestone in the Trump administration’s…
