Bitnomial to Launch CFTC-Regulated Leveraged Spot Crypto Exchange
WASHINGTON – Bitnomial announced today it will launch a leveraged retail spot crypto exchange operating under Commodity Futures Trading Commission (CFTC) regulation the week of December 8. the exchange will be offered through Bitnomial exchange, a designated contract market, and bitnomial Clearinghouse, its derivatives clearing organization.
The move follows a September statement by the CFTC and the Securities and Exchange Commission (SEC) clarifying that CFTC- and SEC-registered exchanges are not prohibited from facilitating the trading of certain spot crypto asset products. This announcement aims to provide market participants with greater trading venue choice and optionality, bringing leveraged spot crypto trading back to the U.S. under a regulated framework similar to perpetuals, futures, and options.
“We’re bringing leveraged spot crypto trading back to the U.S. with CFTC oversight,” said Luke Hoersten, founder and CEO of Bitnomial, in a press release. “We’re grateful to Chairman Pham for her pro-business approach to allow regulated entities to utilize the full scope of statutory capabilities afforded under U.S. law.”
The regulators’ joint statement signaled a collaborative effort to adapt to the evolving digital asset landscape and provide clarity for exchanges seeking to offer spot crypto trading services. Bitnomial’s launch represents a notable step toward integrating crypto spot markets within the established U.S. regulatory structure.
