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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Big short Burry increases short positions on Micron and Nebius, with the logic that "memory supply surge will put downward pressure on prices"
Michael Burry has dramatically increased his short positions on Micron, Palantir, and semiconductor ETFs, stating that the scale is “quite large.” His main reasoning is that Samsung, SK Hynix, and Micron squeezed their conventional DRAM production to meet AI-driven HBM demand, resulting in a shortage; however, with production capacity now ramping up, the Damocles sword of oversupply is hanging over the market. The inventory warning from Acer’s CEO has further convinced him that the memory cycle has already peaked.
Colorpak Indonesia announces extraordinary shareholder meeting
Crypto prices
More
