Approval for permitting spot digital asset trading on CFTC futures exchanges

Source: BlockMedia Original Title: CFTC Opens Door for Futures Exchanges to Allow Spot Digital Asset Trading Original Link: https://www.blockmedia.co.kr/archives/1015287 The US Commodity Futures Trading Commission [image]CFTC( has, for the first time, approved spot )digital asset( trading on a regulated futures exchange in the US. This decision is seen as a significant step forward in realizing the administration’s vision to make the US a global digital asset )hub(.

CFTC Acting Chair Caroline Pham )Caroline Pham( announced that spot digital asset )products( will be traded for the first time on a CFTC-registered futures exchange. Chair Pham stated, “Recent incidents at offshore exchanges have made it clear that Americans need more choices and access to a safe, regulated marketplace,” emphasizing the importance of introducing spot products. The CFTC explained that this move is part of a broader administrative effort to enhance market transparency and reliability and restore the US market as a leader in the global digital asset )space(.

This approval follows the CFTC’s announcement several months ago that it was considering allowing spot digital asset )markets( on regulated exchanges. It provides a foundation for registered exchanges to offer customer protection and market integrity, building a safer trading environment within the US.

Launch of the First US Leveraged Spot Digital Asset )Exchange(

Bitnomial )Bitnomial( announced plans to launch the first regulated leveraged spot digital asset )exchange( in tandem with the CFTC’s announcement. The new exchange will allow both retail and institutional investors to access spot, perpetual contracts, futures, and options all on a single platform. The exchange explained that these services will increase capital efficiency through net cash settlement and portfolio margining, while eliminating counterparty risk.

Luke Hoersten )Luke Hoersten(, founder and CEO of Bitnomial )Bitnomial(, stated, “Leveraged spot digital asset )trading( is now offered under the same regulatory framework as US perpetual contracts, futures, and options.” He also added, “Clearinghouse settlement via intermediaries presents new opportunities for institutions and brokers, and resolves existing regulatory inconsistencies.”

Bitnomial’s )Bitnomial( exchange is scheduled to launch next week, signaling a key turning point in the US digital asset )market(. This CFTC decision once again emphasizes the importance of regulated digital asset )exchanges( in the US and marks the first step toward creating a safe and reliable digital asset )market(.