Bitnomial receives CFTC nod for derivatives clearing in US
Crypto derivatives firm Bitnomial has received approval from the Commodity Futures Trading Commission to register as a derivatives clearing organization in the U.S., enabling it to settle margined futures and options contracts. The approval, secured by a four-to-one vote at the December open meeting of the CFTC, establishes Bitnomial as the first crypto-native exchange in the U.S. to acquire a full range of licenses for derivatives exchange, clearing house, and brokerage. In a Dec. 13 press release, the company highlighted its position as the sole exchange in the U.S. offering margined, physically delivered digital asset derivatives. This offering enables customers to obtain actual ownership of digital assets on a leveraged basis, a shift from the typical cash settlement approach. You might also like: Crypto.com launches new derivatives product The acquisition of the derivatives clearing organization (DCO) license completes Bitnomial’s regulatory framework, compl...