U.S. CFTC: Spot Cryptocurrency Now Tradeable on CFTC-Registered Platforms

BlockBeats News, December 4th, Acting Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Caroline D. Pham announced today that listed spot cryptocurrency products will begin trading for the first time on a CFTC-registered futures trading platform in the U.S. Federal regulatory market. Today's announcement follows the recommendations of the President's Working Group on Financial Markets and incorporates feedback from stakeholders under the CFTC's "Crypto Sprint" initiative, as well as collaboration with the U.S. Securities and Exchange Commission.

The "Crypto Sprint" initiative has also launched a public consultation on all other CFTC-related recommendations in the President's Working Group report on the digital asset market. Other aspects of this initiative include enabling tokenized collateral on the derivatives market (including stablecoins) and making technical amendments to regulatory provisions of the CFTC on collateral, margin, clearing, settlement, reporting, and recordkeeping to incorporate blockchain technology and market infrastructure, including tokenization technology.

Bitnomial will launch the first CFTC-regulated spot cryptocurrency market. Bitnomial is one of the U.S. Commodity Futures Trading Commission's (CFTC) regulated Designated Contract Markets (DCMs), with other DCMs such as Coinbase, Kalshi, and Polymarket.