RATE Group | CFTC Approves New Cryptocurrency Derivatives Platform — Bitnomial to Offer Regulated Bitcoin Futures
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CFTC Approves New Cryptocurrency Derivatives Platform — Bitnomial to Offer Regulated Bitcoin Futures

21 Apr CFTC Approves New Cryptocurrency Derivatives Platform — Bitnomial to Offer Regulated Bitcoin Futures

Posted at 06:09h in Cryptocurrency News by

CFTC Approves New Cryptocurrency Derivatives Platform — Bitnomial to Offer Regulated Bitcoin Futures

The U.S. Commodity Futures Trading Commission (CFTC) has approved a new bitcoin derivatives trading platform. Bitnomial Exchange will list margined and physically delivered bitcoin futures and options. Besides Bitnomial, the CFTC has only approved a handful of other platforms to offer bitcoin derivatives trading, such as CME, Cboe, and Bakkt.

CFTC Approves New Bitcoin Derivatives Exchange

The CFTC announced Monday that it has issued an order granting Chicago-based Bitnomial Exchange status as a designated contract market (DCM), effective on the same day. The U.S. top derivatives regulator explained that after reviewing Bitnomial’s application and associated exhibits:

The CFTC determined that Bitnomial Exchange demonstrated its ability to comply with the requirements of the CEA [Commodity Exchange Act] and the CFTC’s regulations applicable to DCMs.

CFTC Approves New Cryptocurrency Derivatives Platform — Bitnomial to Offer Regulated Bitcoin Futures
The U.S. Commodity Futures Trading Commission (CFTC) has approved Chicago-based Bitnomial Exchange as a designated contract market…

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