Key Takeaways
- Bitnomial will soon launch the first CFTC-regulated spot crypto trading platform.
- In a joint statement, the SEC and CFTC clarified that the current law does not prohibit exchanges registered with the SEC or CFTC from facilitating spot crypto commodity trading.
Bitnomial, a derivatives exchange, is set to offer spot crypto trading under CFTC regulation, according to Crypto in America.
Its self-certified rules went into effect on Friday, allowing the Chicago-based platform to list both leveraged and non-leveraged spot products. This enables retail investors to buy, sell, and finance digital assets directly on a CFTC-regulated exchange.
The CFTC has been actively guiding exchanges to introduce compliant spot crypto trading products while advancing such trading on regulated platforms. The agency oversees commodity futures and digital assets as the US regulatory body responsible for commodity markets.
The launch represents the first time spot crypto assets can be traded on a CFTC-regulated venue, distinguishing it from existing crypto exchanges that operate under different regulatory frameworks or state-level supervision.
Source: https://cryptobriefing.com/bitnomial-first-cftc-regulated-spot-crypto-platform/
