Bitnomial to launch the first CFTC-regulated spot cryptocurrency trading platform

BlockBeats News, December 1, according to Crypto In America, Bitnomial is about to become the first derivatives trading platform in the United States to offer spot cryptocurrency trading.

It is reported that last month, Bitnomial submitted a self-certification document in accordance with Section 40.6(a) of the U.S. Commodity Futures Trading Commission (CFTC) regulations. This provision stipulates that registered Designated Contract Markets (DCMs) may implement new rules after demonstrating compliance with the Commodity Exchange Act (CEA). Bitnomial's self-certified rules cover the listing of "spot" products, including retail leveraged spot trading conducted under Section 2(c)(2)(D) of the Commodity Exchange Act, allowing customers to directly buy, sell, and finance digital assets on the exchange. According to the document submitted on November 13, the relevant rules officially took effect last Friday, which means spot trading may launch in the coming days.