According to a report by Crypto In America on December 1st, Bitnomial is poised to become the first derivatives trading platform in the United States to offer spot cryptocurrency trading. Bitnomial reportedly filed a self-certification document last month under Section 40.6(a) of the Commodity Futures Trading Commission (CFTC). This section allows registered Designated Contract Markets (DCMs) to implement new rules after demonstrating compliance with the Commodity Exchange Act (CEA). Bitnomial's self-certification covers the listing of "spot" products, including retail leveraged spot trading under Section 2(c)(2)(D) of the CFTC, allowing clients to directly buy, sell, and finance digital assets on the exchange. According to the filing dated November 13th, the rules officially took effect last Friday, meaning spot trading could launch in the coming days.
Bitnomial to launch the first CFTC-regulated spot cryptocurrency trading platform
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