Bitnomial Launches First CFTC-Regulated Crypto Exchange

Bitnomial, a Chicago-based derivatives exchange, is set to launch the first spot cryptocurrency trading platform regulated by the U.S. Commodity Futures Trading Commission (CFTC). This marks a significant step for crypto trading, bringing it under federal regulation for the first time in the U.S. market. The CFTC has been actively working to increase its oversight in the crypto space, and this approval aligns with their efforts to establish clearer regulations. This development could pave the way for other exchanges to operate under similar federal regulation, potentially bringing greater stability and trust to the digital asset market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.