According to ChainCatcher, crypto derivatives exchange Bitnomial has announced that it has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to liquidate fully collateralized swap contracts, enabling it to offer prediction market services, currently focusing on cryptocurrencies and economic events.
In addition, the exchange’s clearing service, Bitnomial Clearinghouse, can provide a wider range of clearing services to its partners’ prediction markets, thereby gaining collateralized liquidity between the US dollar and cryptocurrencies.
